Maybe selling absolute with binding opening bid?
It’s selling without reserve and we have bids … How do we know that? Because it says “without reserve” clearly …
Tag Archives: UCC 2-328
“Types” of auctions and ice cream
I quote from court cases involving auctions all the time. Court decisions are important for auctioneers to comprehend to avoid …
Auctioneers should stay in their lane
I’ve probably said it 1,000 times … auctioneers should stay in their lane. What I mean by that is … …
Is the reserve price a material fact?
Buyers at auction want to know lots of things such as the number of bedrooms, annual taxes, the horsepower of …
Giving my advice to auctioneers
I recently returned home from what has become my annual “auctioneer convention season” including conferences and other events in Ohio, …
The fall … falling … fallen hammer?
We have discussed the UCC 2-328 extensively in classes around the United States, as well as in several articles contained …
Won? Sold? Reopen? Exceptions?
Auction terms and conditions are important. They prescribe the rights and duties of the auctioneer and the bidders — or …
Bidding with a contingency … a higher bid?
I’m one of only a few people around the United States who has the immense responsibility to teach auctioneers how …
At auction: Is it wanting or buying?
Marsha L. Richins of the University of Missouri wrote about our title in her paper, “When Wanting Is Better Than …
Selling absolute mandates you “reopen bids?”
Selling absolute (without reserve) dictates that the subject property is selling to the highest bidder. In other words, the buyer …
Auctioneer may establish reasonable bid increments?
We have been discussing “cut bids” (most notably here: https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take-a-cut-bid/) and a few states in the United States have enacted …
Can auctioneers ignore bids?
Selective hearing? I only see or hear bids I want to? I only have to accept offers which are acceptable …
Negotiating with a “cut” bidder
We no more than published — and talked via the http://www.fasttalkingpodcast.com — about cut bids (https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take-a-cut-bid/) when we received an …
As the auctioneer, do you have to take a “cut” bid?
As the auctioneer, do you have to take a “cut” bid? Maybe. But first — what is a cut bid? …
At auction, can we force sellers to sell? Buyers to buy?
Auctions involve an auctioneer putting a seller (client) in contract with a buyer (customer) concerning the purchase of some property. …
The UCC 2-328 Sentence #9 (of 9)
The UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take …
The UCC 2-328 Sentence #8 (of 9)
The UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take …
The UCC 2-328 Sentence #7 (of 9)
The UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take …
The UCC 2-328 Sentence #6 (of 9)
The UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take …
The UCC 2-328 Sentence #5 (of 9)
The UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take …
