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 …
Tag Archives: UCC 2-328
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 …
When has the UCC 2-328 been a bad idea?
We recently wrote that for auctioneers it’s better to stay out of court than win in court, and lots better …
Auctioneers — you want to win in court, or stay out of court?
I’ve told auctioneers for years that it’s good to be on the “right side of the law.” That is, if …
Can a lot be unsold at auction?
Some questions are easier than others to answer. We think our subject question today is academic — can a lot …
The “basics” of the auction business?
I published this blog on June 6, 2018 about the auction industry losing bidders due to some illegal/unethical practices: https://mikebrandlyauctioneer.wordpress.com/2018/06/18/how-the-auction-industry-lost-at-least-one-bidder/ …
At auction … when is it “Sold!?”
It seems like a simple question — when is an item “Sold!” at auction? In a live auction, most people …
Auctioneers … it’s A/B testing, not A testing
A/B testing is a useful tool to compare two different ways of doing otherwise the same thing … to see …
Auction bidders are told they “may have won?”
You may have won your dream home? You may have won the lottery? You may be pregnant? I would suggest …
Online-only auction starts to close … and we have a problem
In fact, we have big problem. Let’s say we have an online-only auction with 500 lots. Per state law all …
How do we know online bidders are real?
This is a question we get on a somewhat regular basis … “How do we know online bidders are real?” …
Disclosing the seller can bid at auction …
An interesting phone call came in to us the other day and we’re free to share our thoughts regarding. The …
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 …
“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 …
