14 Guam Code Ann. § 2401
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Terms Used In 14 Guam Code Ann. § 2401
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
) This Article does not apply:
(a) to sales in which the amount financed is Twenty-Five Thousand Dollars ($25,000.00) or more or to leases in which the amount payable under the lease is Twenty-Five Thousand Dollars ($25,000.00) or more; or
(b) To sales of an interest in land.
(a) to sales in which the amount financed is Twenty-Five Thousand Dollars ($25,000.00) or more or to leases in which the amount payable under the lease is Twenty-Five Thousand Dollars ($25,000.00) or more; or
(b) To sales of an interest in land.
(2) The amount of Twenty-Five Thousand Dollars ($25,000.00) in Subsection (1) are subject to change pursuant to the provisions on adjustment of dollar amounts (§ 1106).