18 Guam Code Ann. § 65102
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Terms Used In 18 Guam Code Ann. § 65102
- 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 voluntary trust is an obligation arising out of a personal confidence reposed in, and voluntarily accepted by, one for the benefit of another.
SOURCE: CC § 2216.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 65 TRUSTS IN GENERAL