18 GCA § 31501

What is Continuing Guaranty

Guam Code AnnotatedTitle 18 — Business Structure and Function

A guaranty relating to a future liability of the principal, under successive transactions, which either continue his liability or from time to time renew it after it has been satisfied, is called a continuing guaranty.

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.