18 Guam Code Ann. § 40205
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Terms Used In 18 Guam Code Ann. § 40205
- 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.
A depositary, who believes that a thing deposited with him is wrongfully detained from its true owner, may give him notice of the deposit; and if within a reasonable time afterwards he does not claim it, and sufficiently establish his right thereto, and indemnify the depositary against the claim of the depositor, the depositary is exonerated from liability to the person to whom he gave the notice, upon returning the thing to the depositor, or assuming, in good faith, a new obligation changing his position in respect to the thing, to his prejudice.
SOURCE: CC § 1826.
COL120106
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 40 DEPOSIT IN GENERAL