18 Guam Code Ann. § 31502
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Terms Used In 18 Guam Code Ann. § 31502
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
A continuing guaranty may be revoked at any time by the guarantor, in respect to future transactions, unless there is a continuing consideration as to such transactions which he does not renounce.
SOURCE: CC § 2815.
NOTE: No 1970 Civil Code Ԥ 2816-2818 existed.
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ARTICLE 6
EXONERATION OF GUARANTORS