Guam § 2278 - Value of Thing in Action.
Full text of Guam Guam Code Annotated § 2278 — Value of Thing in Action., with citation guidance and answers to common questions.
§ 2278. Value of Thing in Action.
For the purpose of estimating damages, the value of an instrument in writing is presumed to be equal
to that of the property to which it entitles its owner.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 2278
What does Guam Code Annotated § 2278 cover?
Section 2278 ("Value of Thing in Action.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 2278?
A common citation format is "Guam Code Annotated § 2278" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 2278 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.