14 Guam Code Ann. § 2412
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Terms Used In 14 Guam Code Ann. § 2412
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
e buyer or lessee is authorized to pay the seller or lessor until the buyer or lessee receives notification of transfer of the rights to payment pursuant to a consumer credit sale or consumer lease and that payment is to be made to the transferee. A notification which does not reasonably identify the rights transferred is ineffective. If requested by the buyer or lessee, the transferee must seasonably furnish reasonable proof that the transfer has been made and unless he does so the buyer or lessee may pay the seller or lessor.