(a) Before transfer of a time-share interval and no later than the date of any sales contract, the developer shall provide the intended transferee with a copy of the public offering statement and any amendments and supplements thereto. The contract is voidable by the purchaser until he has received the

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21 Guam Code Ann. REAL PROPERTY
CH. 47 TIME-SHARE OWNERSHIP

public offering statement and for three (3) calendar days thereafter. Cancellation is without penalty, and all payments made by the purchaser before cancellation shall be refunded within thirty (30) days after receipt of the notice of cancellation as provided in Subsection (c) of this Section.

(b) Up to three (3) days after the receipt by the purchaser of the public offering statement, developer may cancel the contract of purchase without penalty to either party. The developer shall return all payments made, the purchaser shall return all materials received in good condition, reasonable wear and tear excepted. If such materials are not returned, the developer may deduct the cost of the same and return the balance to the purchaser.

(c) If either party elects to cancel a contract pursuant to Subsection (a) or (b) of this Section, he may do so by hand-delivering notice thereof to the other party or by mailing notice thereof by prepaid United States mail to the other party or to his agent for service of process.