Where a lot has stated quantity that is more than 1 (one), the bid shall be multiplied times the quantity to determine the total cost of the lot unless other wise noted. In all cases of disputed bids, the property shallīe resold but, Auctioneer will use their judgment as to good faith of all claims and his decision is final. The highest approved bidder to be the buyer.
Right to bid, whether it is on behalf of any minimums, reserves or for their own personal purchase. This subsection shall not apply to any bid at a forced sale. Sale or take the goods at the price of the last good faith bid prior to the completion of the In either case aīidder may retract his bid until the auctioneer's announcement of completion of the sale, butĪ bidder's retraction does not revive any previous bid.(4) If the auctioneer knowingly receivesĪ bid on the seller's behalf or the seller makes or procures such a bid, and notice has notīeen given that liberty for such bidding is reserved, the buyer may at his option avoid the Or lot cannot be withdrawn unless no bid is made within a reasonable time. InĪn auction without reserve, after the auctioneer calls for bids on an article or lot, that article In an auction with reserve theĪuctioneer may withdraw the goods at any time until he announces completion of the sale. 3) Such a sale is with reserve unless the goods are in explicit terms put up without reserve.
Goods sold under the bid on which the hammer was falling. Where a bid is made while the hammer is falling in acceptance of a prior bid the auctioneer may in his discretion reopen the bidding or declare the (2) A sale by auction is complete when the auctioneer so announces by the fall of the hammer or in other customary manner. Saleīy Auction.(1) In a sale by auction if goods are put up in lots each lot is the subject of a sell. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT § 2-328. Sale by Auction Uniform Commercial Code - Sale by Auction U.C.C.
0 kommentar(er)
