(2) Underlying purposes and policies of this code are:

(a) To simplify, clarify and modernize the law governing commercial transactions;

(b) To permit the continued expansion of commercial practices through custom, usage and agreement of the parties;

(c) To make uniform the law among the various jurisdictions.

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13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 1 GENERAL PROVISIONS

(3) The effect of provisions of this code may be varied by agreement, except as otherwise provided in this code and except that the obligations of good faith, diligence, reasonableness and care prescribed by this code may not be disclaimed by agreement, but the parties may by agreement determine the standards by which the performance of such obligations is to be mea- sured if such standards are not manifestly unreasonable.
(4) The presence in certain provisions of this code of the words Aunless otherwise agreed@ or words of similar import does not imply that the effect
of other provisions may not be varied by agreement under subdivision (3). (5) In this code unless the context otherwise requires
(a) Words in the singular number include the plural, and in the plural include the singular;

(b) Words of the masculine gender include the feminine and the neuter, and when the sense so indicates words of the neuter gender may refer to any gender.

COMMENT: Part of the Committee Report on Substitute Bill No. 727 (this Act)
states:
@The purpose and effect of Substitute Bill No. 727 is explained more fully in the Official Comments to the 1972 Official Text of the Uniform Commercial Code and in the California Code Comments set forth in West’s Annotated California Commercial Code (1964, Supp. 1975) and it is the intent of this Committee that explanatory material be given due consideration in the interpretation and application of the Guam Code. (Committee on Commerce, Tourism and Transportation, 13th Guam Legislature, Report on Substitute Bill No. 727, Attachment #10, pp. 1-2)