18 Guam Code Ann. § 31405
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 18 Guam Code Ann. § 31405
- Contract: A legal written agreement that becomes binding when signed.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
A guarantor is not liable if the contract of the principal is unlawful, but he is liable, notwithstanding any mere personal inability of the principal, though the disability be such as to make the contract void against the principal.
SOURCE: CC § 2810.
NOTE: No 1970 Civil Code Ԥ 2811-2813 existed.
———–
ARTICLE 5
CONTINUING GUARANTY