Guam § 4203 - Terms of Sale.
Full text of Guam Guam Code Annotated § 4203 — Terms of Sale., with citation guidance and answers to common questions.
§ 4203. Terms of Sale.
All sales must be for cash or for part cash and part deferred pay-
ments, the credit in no case to exceed three (3) years from the date of
sale, and the terms being subject to the approval of the court. When real
COL120106
CH. 42 SALES, MORTGAGES, LEASES AND CONVEYANCES
property is sold upon deferred payments, the guardian must demand and
receive from the purchasers, notes and a mortgage on the property sold,
with such additional security as the court deems necessary and sufficient
to secure the prompt payment of the amounts so deferred, and the interest
thereon.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 4203
What does Guam Code Annotated § 4203 cover?
Section 4203 ("Terms of Sale.") 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 § 4203?
A common citation format is "Guam Code Annotated § 4203" (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 § 4203 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.