18 Guam Code Ann. § 85313
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Terms Used In 18 Guam Code Ann. § 85313
- Contract: A legal written agreement that becomes binding when signed.
Mistake of fact is a mistake, not caused by the neglect of a legal duty on the part of the person making the mistake, and consisting in —
1. An unconscious ignorance or forgetfulness of a fact past or present, material to the contract; or,
2. Belief in the present existence of a thing material to the contract, which does not exist, or in the past existence of such a thing, which has not existed.
SOURCE: CC § 1577.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 85 NATURE OF A CONTRACT