12 Guam Code Ann. § 10108
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Terms Used In 12 Guam Code Ann. § 10108
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(a) Cargo shortage and property damage claims shall be presented to the Manager within six (6) months of accrual for payment under this Act. Claims shall be in such form as the Manager shall direct.
(b) The Manager shall personally entertain cargo shortage or property damage claims in excess of Five Hundred Dollars ($500.00). He may, however, delegate the review, settlement and payment of claims for cargo shortages or property damage up to One Hundred Dollars ($100.00).
(c) Payments of claims for cargo shortage or property damage shall be charged to an account title “Shortage and Damage Claims,” said account to be shown in the monthly accounting statement to the Board. A listing of each payment in excess of One Hundred Dollars ($100.00) shall accompany the statement.
SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as § 14007 GC. Codified as
12 Guam Code Ann. § 10108.