18 Guam Code Ann. § 21202
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Terms Used In 18 Guam Code Ann. § 21202
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
In addition to the authority of agents in general, a factor has actual authority from his principal, unless specially restricted:
1. To insure property consigned to him uninsured;
2. To sell, on credit, anything entrusted to him for sale, except such things as it is contrary to usage to sell on credit; but not to pledge, mortgage, or barter the same; and
3. To delegate his authority to his partner or servant but not to any person in an independent employment.
SOURCE: CC § 2368.