The Uniform Commercial Code of Guam: Public Law 13-160, Effective January 1, 1977 |
Common terms and phrases
acceptor action adverse claims anticipatory repudiation apply assignment bailee bill of lading bona fide purchaser breach buyer carrier certificate chattel paper collateral collecting bank commercially reasonable comply contract for sale creditors damages debtor defense Definitions delivered delivery deposit account depositary bank discharged document of title draft or demand drawee drawer due course duty effect enforceable entitled faith fiduciary filing officer financing statement fungible Guam holder in due identified insolvency instrument is payable issued issuer letter of credit liability lien maker means ment negotiable instrument nonconformity notice of dishonor notification obligation payor bank perfected performance person possession presentment proceeds provisions pursuant received registered remedy repudiation resale respect secured party security agreement security interest seller shipment Short Title specified Statute of Frauds subdivision tender thereof tion transaction transferor unauthorized signature Uniform Commercial Code Unless otherwise agreed usage of trade warehouse receipt warehouseman