18 Guam Code Ann. § 82103
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Terms Used In 18 Guam Code Ann. § 82103
- 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 in favor of several persons is extinguished by performance rendered to any of them, except in the case of a deposit made by owners in common, or in joint ownership, which is regulated by Division
2, Part 3, beginning with Chapter 40 of this Title on Deposit.
2, Part 3, beginning with Chapter 40 of this Title on Deposit.
SOURCE: CC § 1475.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 82 OBLIGATIONS EXTINGUISHED