Guam § 11304 - Book Account Defined.
Full text of Guam Guam Code Annotated § 11304 — Book Account Defined., with citation guidance and answers to common questions.
§ 11304. Book Account Defined.
The term “book account” means a statement which constitutes the principal record of one (1) or more
transactions between a debtor and a creditor arising out of a contract of some fiduciary relation, and which
shows the debits and credits in connection therewith, and against whom and in favor of whom the entries
are made, is entered in the regular course of business as conducted by the creditor or fiduciary, and is kept
in a reasonably permanent form and manner and is (1) in a bound book, or (2) on a sheet or sheets fastened
in a book or to a backing but detachable therefrom, or (3) on a card or cards of a permanent character or is
kept in any reasonably permanent form and manner.
Frequently Asked Questions About Guam § 11304
What does Guam Code Annotated § 11304 cover?
Section 11304 ("Book Account Defined.") 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 § 11304?
A common citation format is "Guam Code Annotated § 11304" (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 § 11304 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.