Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

COL070307
13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 1 GENERAL PROVISIONS

(1) Whenever this code requires any action to be taken within a reasonable time, any time which is not manifestly unreasonable may be fixed by agreement.

(2) What is a reasonable time for taking any action depends on the nature, purpose and circumstances of such action.
(3) An action is taken Aseasonably@ when it is taken at or within the time agreed or if no time is agreed at or within a reasonable time.