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Terms Used In 13 Guam Code Ann. § 8312

  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
) Any person guaranteeing a signature of an indorser of a security warrants that at the time of signing
(a) The signature was genuine; and

(b) The signer was an appropriate person to indorse (Section
8308); and

(c) The signer has legal capacity to sign.
But the guarantor does not otherwise warrant the rightfulness of the particular transfer.

COL120106
13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 8 INVESTMENT SECURITIES

(2) Any person may guarantee an indorsement of a security and by so doing warrants not only the signature (subdivision 1) but also the rightfulness of the particular transfer in all respects. But no issuer may require a guarantee of indorsement as a condition to registration of transfer.
(3) The foregoing warranties are made to any person taking or dealing with the security in reliance on the guarantee and the guarantor is liable to such person for any loss resulting from breach of the warranties.

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