18 Guam Code Ann. § 82102
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Terms Used In 18 Guam Code Ann. § 82102
- 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.
Performance of an obligation, by one of several persons who are jointly liable under it, extinguishes the liability of all.
SOURCE: CC § 1474.