18 Guam Code Ann. § 80301
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Terms Used In 18 Guam Code Ann. § 80301
- 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.
An obligation imposed on several persons, or a right created in favor of several persons, may be:
1. Joint;
2. Several; or
3. Joint and several.
SOURCE: CC § 1430.