20 Guam Code Ann. § 1102
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 20 Guam Code Ann. § 1102
- 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.
Whenever, by the terms of an obligation, a party thereto incurs a forfeiture, or a loss in the nature of a forfeiture, by reason of his failure to comply with its provisions, he may be relieved therefrom, upon making full compensation to the other party, except in the case of a grossly negligent, willful or fraudulent breach of the duty.
SOURCE: CC § 3275.
NOTE: No Civil Code ” 3276-3280 existed.
———-
COL120106
COL120106