Terms Used In 13 Guam Code Ann. § 2703

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
ere the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract (Section 2612), then also with respect to the whole undelivered balance, the aggrieved seller may
(a) Withhold delivery of such goods;

(b) Stop delivery by any bailee as hereinafter provided (Section
2705);

(c) Proceed under the next section respecting goods still unidentified to the contract;
(d) Resell and recover damages as hereafter provided (Section
2706);
(e) Recover damages for nonacceptance (Section 2708) or in a proper case the price (Section 2709);

(f) Cancel.

§ 2704. Seller’s Right to Identify Goods to the Contract
Notwithstanding Breach or to Salvage Unfinished Goods.
(1) An aggrieved seller under the preceding section may:

(a) Identify to the contract conforming goods not already identified if at the time he learned of the breach they are in his possession or control;

(b) Treat as the subject of resale goods which have demonstra- bly been intended for the particular contract even though those goods are unfinished.

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

(2) Where the goods are unfinished an aggrieved seller may in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of effective realization either complete the manufacture and wholly identify the goods to the contract or cease manufacture and resell for scrap and salvage value or proceed in any other reasonable manner.