Guam § 85501 - What is Good Consideration.

Full text of Guam Guam Code Annotated § 85501 — What is Good Consideration., with citation guidance and answers to common questions.

§ 85501. What is Good Consideration.

Any benefit conferred, or agreed to be conferred, upon the promisor,

by any other person, to which the promisor is not lawfully entitled, or any

prejudice suffered, or agreed to be suffered, by such person, other than such

as he is at the time of consent lawfully bound to suffer, as an inducement to

the promisor, is good consideration for a promise.

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18 GCA BUSINESS S TRUCTURE & FUNCTION

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Frequently Asked Questions About Guam § 85501

What does Guam Code Annotated § 85501 cover?

Section 85501 ("What is Good Consideration.") 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 § 85501?

A common citation format is "Guam Code Annotated § 85501" (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 § 85501 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.