Terms Used In 18 Guam Code Ann. § 80504

  • 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.
If one of the alternative acts required by an obligation is such as the law will not enforce, or becomes unlawful, or impossible of performance, the obligation is to be interpreted as though the other stood alone.

SOURCE: CC § 1451.
NOTE: No 1970 Civil Code Ԥ 1452-1456 existed.

———-

COL120106
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 80 OBLIGATIONS

COL120106