Guam § 71111 - Tax Avoidance Price Fixing.
Full text of Guam Guam Code Annotated § 71111 — Tax Avoidance Price Fixing., with citation guidance and answers to common questions.
§ 71111. Tax Avoidance Price Fixing.
It shall be unlawful for any person to sell, offer to sell, or otherwise
convey more than one (1) price for any business to be transacted when
the lower price is offered if the transaction is paid for in cash. It shall
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not be an offense under this Section if a business charges a higher price
for legitimate business purposes, such as for the purpose of recovering
any charges assessed the business, including for facilitating electronic
payment. Any person who violates this Section shall be subject to a fine
not to exceed Two Thousand Dollars ($2,000); provided, that if the
person is a cash-based business, the fine shall not exceed Three
Thousand Dollars ($3,000).
Frequently Asked Questions About Guam § 71111
What does Guam Code Annotated § 71111 cover?
Section 71111 ("Tax Avoidance Price Fixing.") 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 § 71111?
A common citation format is "Guam Code Annotated § 71111" (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 § 71111 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.