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18 GCA § 21101

Authority from Seller

Guam Code AnnotatedTitle 18 — Business Structure and Function
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An auctioneer, in the absence of special authorization or usage to the contrary, has authority from the seller, only as follows: 1. To sell by public auction to the highest bidder; 2. To sell for cash only, except such articles as are usually sold on credit at auction; 3. To warrant, in like manner with other agents to sell, according to '20220 of this Title; 4. To prescribe reasonable rules and terms of sale; 5. To deliver the thing sold, upon payment of the price; 6. To collect the price; and 7. To do whatever else is necessary, or proper and usual, in the ordinary course of business, for effecting these purposes.

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.