Guam § 31302 - Guaranty of Obligation.
Full text of Guam Guam Code Annotated § 31302 — Guaranty of Obligation., with citation guidance and answers to common questions.
§ 31302. Guaranty of Obligation.
COL120106
18 GCA BUSINESS S TRUCTURE & FUNCTION
A guaranty to the effect that an obligation is good, or is collectible,
imports that the debtor is solvent, and that the demand is collectible by the
usual legal proceedings, if taken with reasonable diligence.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 31302
What does Guam Code Annotated § 31302 cover?
Section 31302 ("Guaranty of Obligation.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 31302?
A common citation format is "Guam Code Annotated § 31302" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 31302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.