Guam § 82504 - Rescission of Novation.
Full text of Guam Guam Code Annotated § 82504 — Rescission of Novation., with citation guidance and answers to common questions.
§ 82504. Rescission of Novation.
When the obligation of a third person, or an order upon such person, is
accepted in satisfaction, the creditor may rescind such acceptance if the
debtor prevents such person from complying with the order, or from
fulfilling the obligation, or if, at the time the obligation or order is received,
such person is insolvent, and this fact is unknown to the creditor, or if,
before the creditor can with reasonable diligence present the order to the
person upon whom it is given, he becomes insolvent.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 82504
What does Guam Code Annotated § 82504 cover?
Section 82504 ("Rescission of Novation.") 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 § 82504?
A common citation format is "Guam Code Annotated § 82504" (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 § 82504 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.