18 Guam Code Ann. § 82303
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Terms Used In 18 Guam Code Ann. § 82303
- 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 performance of an obligation is prevented by any cause excusing performance, other than the act of the creditor, the debtor is entitled to a ratable proportion of the consideration to which he would have been entitled upon full performance, according to the benefit which the creditor receives from the actual performance.
COL120106
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 82 OBLIGATIONS EXTINGUISHED
SOURCE: CC § 1514.