Guam § 89204 - How Rescission Effected.
Full text of Guam Guam Code Annotated § 89204 — How Rescission Effected., with citation guidance and answers to common questions.
§ 89204. How Rescission Effected.
Rescission, when not effected by consent, can be accomplished only by
the use, on the part of the party rescinding, of reasonable diligence to
comply with the following rules:
1. He must rescind promptly, upon discovering the facts which
entitle him to rescind, if he is free from duress, menace, undue
influence, or disability, and is aware of his right to rescind; and,
2. He must restore to the other party everything of value which he
has received from him under the contract; or must offer to restore the
same, upon condition that such party shall do likewise, unless the latter
is unable or positively refuses to do so.
Frequently Asked Questions About Guam § 89204
What does Guam Code Annotated § 89204 cover?
Section 89204 ("How Rescission Effected.") 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 § 89204?
A common citation format is "Guam Code Annotated § 89204" (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 § 89204 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.