5 Guam Code Ann. § 32802
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Terms Used In 5 Guam Code Ann. § 32802
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Section 205 of Title 12 of the Code of Federal Regulations (12 CFR 205) is applicable to gift certificates and gift cards sold by merchants doing business on Guam.