Payments in Preference

20 GCA § 5104 — under General Principles.

20 GCA § 5104

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A debtor may pay one creditor in preference to another, or may give to one creditor security for the payment of his demand in preference to another, except as provided in the insolvency law of Guam. SOURCE: CC § 3432. CROSS-REFERENCES: The Insolvency Law of Guam is found in 7 GCA Chapter 50.