Guam § 20402 - Agent's Responsibility to Third Persons.
Full text of Guam Guam Code Annotated § 20402 — Agent's Responsibility to Third Persons., with citation guidance and answers to common questions.
§ 20402. Agent's Responsibility to Third Persons.
COL120106
18 GCA BUSINESS S TRUCTURE & FUNCTION
One who assumes to act as an agent is responsible to third persons as a
principal for his acts in the course of his agency, in any of the following
cases, and in no others:
1. When, with his consent, credit is given to him personally in a
transaction;
2. When he enters into a written contract in the name of his
principal, without believing, in good faith, that he has authority to
do so; or
3. When his acts are wrongful in their nature.
Frequently Asked Questions About Guam § 20402
What does Guam Code Annotated § 20402 cover?
Section 20402 ("Agent's Responsibility to Third Persons.") 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 § 20402?
A common citation format is "Guam Code Annotated § 20402" (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 § 20402 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.