18 Guam Code Ann. § 82201
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Terms Used In 18 Guam Code Ann. § 82201
- 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 is extinguished by an offer of performance, made in conformity to the rules herein prescribed, with the intent to extinguish the obligation.
SOURCE: CC § 1485.