What this sign means …
We’ve been asked what this sign means 100’s of times … and it could mean several things: The car sells? …
Tag Archives: UCC 2-328
Absolute auction … and how many bidders is enough?
Absolute auctions [should] constitute the “genuine intent to transfer to the highest bidder regardless of price.” However, if there are …
Does auction law have to catch up with technology?
Personally, I find the statement, “The [auction] law has not quite caught up to technology” facinating and interesting. Yes, some …
Auction cancellation fee that is fair
It’s always a good reminder for auctioneers — your contracts, terms, conditions, policies, etc. likely need to be “fair” (maybe …
Curious auction terms & conditions
Many auctioneers (and sellers) sell property without reserve (absolute) in order to increase the number of bidders and associated prices. …
Is it an auction or an auction?
Laws and regulations around the United States are not in unison. Most laws use the word “auction” meaning an auction …
“Sold!” shouldn’t be a lie
Here’s the problem. The law allows (but does not require) auctioneers to lie. We can indeed say, “Sold!” (in certain …
Bids that can/can’t be placed at auction
We have written about who cannot bid at an auction more than once. Today, we hope to write about that …
Is the minimum bid really the minimum bid?
What does this sign say? It says the minimum speed is 40 miles per hour. So, what if you are …
When can the seller bid without recourse?
Auctioneers around the United States have held since the forming of this country that at auction, the seller can bid …
“Professional” auctioneers shouldn’t be trusted? Really?
Are you a “professional” auctioneer? One who makes a living as an auctioneer? That would be a common definition, but …
What is a flash [auction] sale?
I received the email, as I suspect you did. Real property being offered in a flash sale — auction. What …
Puffing and bids in bad faith
We were discussing a case with an attorney regarding the last two (2) sentences of the UCC 2-328 [basically section …
The $1,300,000 or $1,510,000 bull
I had no more than walked off my plane and turned on my phone when the voice and text messages …
Auctioneers and “the” law versus “that” law
Our subject today is law. Law is discussed all over the world every minute of every day by lawyers …
What if the seller bids first in an absolute auction?
We previously wrote about the somewhat perplexing situation where the seller is bidding first in regard to the “last good …
Auctioneer opinions?
Seemingly everyone has an opinion about almost everything. Best flavor of ice cream? Best movie? Ideal place to vacation? Lots …
Why are we looking for “tie bids?”
A tie? The three horses above finishing in a dead heat. Two teams with the identical score at the end …
Auctions and contract symmetry
It was bound to happen I suppose. We receive a call from an attorney about once a week and a …
Auctioneers, Facebook, Censorship and [Fake] News …
On Thursday, July 26, 2018 Facebook‘s stock plunged 19% losing about $119 billion in market value constituting the biggest single-day …
