18 Guam Code Ann. § 31605
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Terms Used In 18 Guam Code Ann. § 31605
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
Mere delay on the part of a creditor to proceed against the principal, or to enforce any other remedy, does not exonerate a guarantor.
SOURCE: CC § 2823.