Title 20 — Remedies
10 chapters · 117 sections in this title.
20 GCA § 5101 Who is a Debtor
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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.
20 GCA § 5102 Who is a Creditor
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A creditor, within the meaning of this Chapter, is one in whose favor an obligation exists, by reason of which he is, or may become, entitled to the payment of money. SOURCE: CC § 3430.
20 GCA § 5103 Contracts of Debtor Valid
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In the absence of fraud, every contract of a debtor is valid against all his creditors, existing or subsequent, who have not acquired a lien on the property affected by such contract. SOURCE: CC § 3431.
20 GCA § 5104 Payments in Preference
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COL120106 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 foun…
20 GCA § 5105 Relative Rights, Different Creditors
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Where a creditor is entitled to resort to each of several funds for the satisfaction of his claim, and another person has an interest in, or is entitled as a creditor to resort to some, but not all of them, the latter may require the former to seek satisfaction from those funds t…