Terms Used In 18 Guam Code Ann. § 85507

  • Contract: A legal written agreement that becomes binding when signed.
When a contract does not determine the amount of the consideration, not the method by which it is to be ascertained, or when it leaves the amount thereof to the discretion of an interested party, the consideration must be so much money as the object of the contract is reasonably worth.

SOURCE: CC § 1611.