20 Guam Code Ann. § 3240
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Terms Used In 20 Guam Code Ann. § 3240
- Contract: A legal written agreement that becomes binding when signed.
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
The rescission of a written contract may be adjudged, on the applica- tion of a party aggrieved:
(1) In any of the cases mentioned in 18 Guam Code Ann. ‘89203; or,
(1) In any of the cases mentioned in 18 Guam Code Ann. ‘89203; or,
(2) Where the contracts unlawful, for causes not apparent upon its face, and the parties were not equally in fault; or,
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20 Guam Code Ann. REMEDIES
CH. 3 SPECIFIC AND PREVENTIVE RELIEF
(3) When the public interest will be prejudiced by permitting it to stand.
SOURCE: CC § 3406.