18 Guam Code Ann. § 81103
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Terms Used In 18 Guam Code Ann. § 81103
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: All property that is not real property.
A nonnegotiable written contract for the payment of money or personal property may be transferred by endorsement, in like manner with negotiable instruments. Such endorsement shall transfer all the rights of the assignor under the instrument to the assignee, subject to all equities and defenses existing in favor of the maker at the time of the endorsement.
SOURCE: CC § 1459.