Guam Code > Title 20 > Chapter 5 – General Principles
Current as of: 2023 | Check for updates
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Other versions
| § 5101 | Who is a Debtor |
| § 5102 | Who is a Creditor |
| § 5103 | Contracts of Debtor Valid |
| § 5104 | Payments in Preference |
| § 5105 | Relative Rights, Different Creditors |
Terms Used In Guam Code > Title 20 > Chapter 5 - General Principles
- Contract: A legal written agreement that becomes binding when signed.
- Fraud: Intentional deception resulting in injury to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.