18 Guam Code Ann. § 32307
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Terms Used In 18 Guam Code Ann. § 32307
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Whenever property of a surety is hypothecated with property of the principal, the surety is entitled to have the property of the principal first applied to the discharge of the obligation.
SOURCE: CC § 2850.
NOTE: No 1970 Civil Code Ԥ 2851-2853 existed.
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ARTICLE 4
RIGHTS OF CREDITORS