18 Guam Code Ann. § 37106
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Terms Used In 18 Guam Code Ann. § 37106
- Contract: A legal written agreement that becomes binding when signed.
Upon a contract of bottomry, the parties may lawfully stipulate for a rate of interest higher than that allowed by the law upon other contracts. But a competent court may reduce the rate stipulated, when it appears unjustifiable and exorbitant.
SOURCE: CC § 3022.