Terms Used In 13 Guam Code Ann. § 2102

  • Contract: A legal written agreement that becomes binding when signed.
  • Statute: A law passed by a legislature.
rtain Security and Other Transactions Excluded From This Division. Unless the context otherwise requires, this division applies to transactions in goods; it does not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as a security transaction nor does this division impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.

COL120106
13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 2 SALES

COURT DECISIONS: Coverage of this Chapter is discussed and the ability of the parties to Aopt out of@ its terms in fashioning a contract is described. Northern Development Corp. dba Scanior Furniture, vs. Golden Int=l. Corp. dba Dynasty
Furniture, Inc., D.C.Guam App.Div. Dist. Ct. No. CV93-00070A (1994).