Weban auction in which the seller retains the right to refuse the highest bid and withdraw the goods from sale. Unless expressly stated otherwise, an nation is an auction with reserve. auction without reserve. WebDec 18, 2015 · There is an online auction that has the option to place a max bid (an automated process for the bidder to bid up to a specified value). Also, in the terms & …

Is it legal for an auctioneer to know max bids and place …

Weba bid. Which of the following is true of auctions? ... If an auction is with reserve, the auctioneer may refuse to sell the item if he is not satisfied with the size of the highest bid. Which of the following must be present for an offer to have a legal effect? Definiteness. Ben overhears Adam's offer to sell his cat to Shirley for $50. Under ... WebNotice requirements — Public auction — Accumulation of storage charges. (1) If, after the expiration of fifteen days from the date of mailing of notice of custody and sale required … personal injury in arlington heights

Can auctioneers ignore bids? Mike Brandly, Auctioneer Blog

WebAug 5, 2014 · In a with reserve auction, the auctioneer may refuse a higher bid ( reserve the right to refuse …) where in a without reserve auction, any higher bid must be … WebSep 24, 2007 · Customer. I have a couple of thoughts for you on this. First, as you may be aware, Bidspotter has a term in their legalese that says: "Withdrawal of Auction/Auction Assets. User acknowledges and agrees that assets in an auction may be withdrawn or sold prior to the end of the designated auction period, and/or that the auction may be … WebFeb 17, 2011 · Can an auctioneer refuse to accept highest bid? Yes. The rule is that the bidder is making an offer to buy and the auctioneer accepts this in whatever manner is customary, usually the fall of the ... standard flag size for shadow box