Guam § 89202 - When may Rescind.

§ 89202. When may Rescind.

A party to a contract may rescind the same in the following cases only:

COL120106

18 GCA BUSINESS S TRUCTURE & FUNCTION

1. If the consent of the party rescinding, or of any party jointly

contracting with him, was given by mistake, or obtained through

duress, menace, fraud or undue influence, exercised by or with the

connivance of the party as to whom he rescinds, or of any other party

to the contract jointly interested with such party;

2. If, through the fault of the party as to whom he rescinds, the

consideration of his obligation fails, in whole or in part;

3. If such consideration becomes entirely void from any cause;

4. If such consideration, before it is rendered to him, fails in a

material respect, from any cause; or,

5. By consent of all other parties.