7 Guam Code Ann. § 1109
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Terms Used In 7 Guam Code Ann. § 1109
- Contract: A legal written agreement that becomes binding when signed.
- 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.
An obligation is a legal duty by which one person is bound to do a certain thing and arises from a contract or by operation of law.
1985 SOURCE: CCP § 26.
2015 NOTE: Subsection designations were removed to adhere to the Compiler’s general codification scheme pursuant to the authority granted by 1 Guam Code Ann. § 1605.
COL 6/21/2023
7 Guam Code Ann. CIVIL PROCEDURE
CH 1 GENERAL PROVISIONS