18 Guam Code Ann. § 21102
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Terms Used In 18 Guam Code Ann. § 21102
- Contract: A legal written agreement that becomes binding when signed.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
An auctioneer has authority from a bidder at the auction, as well as from the seller, to bind both by a memorandum of the contract, as described in the Uniform Commercial Code [Title 14, GCA].
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH.21 PARTICULAR AGENCIES
SOURCE: CC § 2363.
NOTE: Guam adopted the UCC, and replaced the Civil Code title on Sales with
Division 2 of Title 13, GCA. This is part of the Uniform Commercial Code. No §§ 2364-2366 existed in the Civil Code.
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ARTICLE 2
FACTORS