§ 81101 When Burdens Transferable
§ 81102 Rights Transferable
§ 81103 Nonnegotiable Instruments may be Transferred
§ 81104 Covenants Running with the Land
§ 81105 What Covenants Run with Land
§ 81106 Covenants to Benefit Property
§ 81107 Covenants of Warranty Run with Land
§ 81108 Covenants with Land: Assigns Named
§ 81109 Who are Bound by Covenants
§ 81110 Who are not Bound
§ 81111 Apportionment of Covenants
§ 81112 Transfer of Obligations: Land Covenants

Terms Used In Guam Code > Title 18 > Chapter 81 - Transfer of Obligations

  • Contract: A legal written agreement that becomes binding when signed.
  • Grantor: The person who establishes a trust and places property into it.
  • 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.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.