21 Guam Code Ann. § 70101
Terms Used In 21 Guam Code Ann. § 70101
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Contract: A legal written agreement that becomes binding when signed.
- Executor: A male person named in a will to carry out the decedent
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.
(a) An officer or employee of the United States, the Territory or any political subdivision, if the project or operation is performed by employees thereof;
(b) Any person acting as a receiver, trustee in bankruptcy, administrator or executor, or any other person acting under any order or authorization of any court;
(c) A person who sells or installs any finished products, materials or articles or merchandise which are not actuallyfabricated into and do not become a permanent fixed part of the structure, or to the construction, alteration, improvement or repair of personal property;
(d) Any project or operation for which the aggregate contract price for labor, materials and all other items is less than Two Thousand Five Hundred Dollars ($2,500). This exemption shall not apply in any case wherein the undertaking is by a licensed contractor or is only part of a larger or major project or operation, whether undertaken by the same or a different contractor or in which a division of the project or operation is made in contracts of amounts less than Two Thousand Five Hundred Dollars ($2,500) for the purpose of evading this Chapter or otherwise;
(e) A registered architect or professional engineer acting
solely in a professional capacity;
(f) Any person who engages in the activities herein regulated as an employee with wages as sole compensation;
(g) Any person who undertakes either personally or through his or her employees, any project or operation for himself or herself; and
(h) Any co-partnership or joint venture if all members thereof hold licenses issued under this Chapter or if the person or persons who have direct management of the contracting business thereof hold a license for purposes of requiring additional contractor’s licenses for the copartnership or joint venture.