13 Guam Code Ann. § 7401
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The obligations imposed by this division on an issuer apply to a document of title regardless of the fact that
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13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 7 WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE
(a) The document may not comply with the requirements of this division or of any other law or regulation regarding its issue, form or content; or
(b) The issuer may have violated laws regulating the conduct of his business; or
(c) The goods covered by the document were owned by the bailee at the time the document was issued; or
(d) The person issuing the document does not come within the definition of warehouseman if it purports to be a warehouse receipt.