20 Guam Code Ann. § 5101
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Terms Used In 20 Guam Code Ann. § 5101
- 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.
A debtor, within the meaning of this Chapter, is one who, by reason of an existing obligation, is or may become liable to pay money to another, whether such liability is certain or contingent.
SOURCE: CC § 3429.