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Terms Used In 18 Guam Code Ann. § 91106

  • Contract: A legal written agreement that becomes binding when signed.
COL1242015
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 91 – UNIFORM ELECTRONIC TRANSACTIONS ACT

This Chapter must be construed and applied:

(a) to facilitate electronic transactions consistent with other applicable laws;

(b) to be consistent with reasonable practices concerning electronic transactions, and with the continued expansion of those practices; and

(c) to effectuate its general purpose to make uniform the law with respect to the subject of this Chapter among the states enacting it.

§ 91107. Legal Recognition of Electronic Records, Electronic
Signatures, and Electronic Contracts.

(a) A record or signature may not be denied legal effect or enforceability solely because it is in electronic form.

(b) A contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation.

(c) If a law requires a record to be in writing, an electronic record satisfies the law.

(d) If a law requires a signature, an electronic signature satisfies the
law.