Terms Used In 18 Guam Code Ann. § 85204

  • Contract: A legal written agreement that becomes binding when signed.
A contract, made expressly for the benefit of a third person, may be en- forced by him at any time before the parties thereto rescind it.

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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 85 NATURE OF A CONTRACT

SOURCE: CC § 1559.

COURT CASES: See T.S.S. Sportswear Ltd. v. Swank Shop, 380 F.2d 512 (1967).

NOTE: No 1970 Civil Code §§ 1560-1564 existed.

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