Guam § 62505 - How Loss is Justified.
Full text of Guam Guam Code Annotated § 62505 — How Loss is Justified., with citation guidance and answers to common questions.
§ 62505. How Loss is Justified.
The proportions in which a general average loss is to be borne must be
ascertained by an adjustment, in which the owner of each separate interest is
to be charged with such proportion of the value of the thing lost as the value
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of his part of the property affected bears to the value of the whole. But an
adjustment made at the end of the voyage, if valid there, is valid
everywhere.
Frequently Asked Questions About Guam § 62505
What does Guam Code Annotated § 62505 cover?
Section 62505 ("How Loss is Justified.") 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 § 62505?
A common citation format is "Guam Code Annotated § 62505" (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 § 62505 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.