Mike Brandly, AuctioneerJan 12 minWhy is the default “with reserve?”In 49 of our 50 states, an auction by default is “with reserve.” We attempt to answer why that is … and it’s unclear. The laws just...
Mike Brandly, AuctioneerAug 18, 20202 min‘Absolute’ or other expressionsOutside of Louisiana, all auctions are “with reserve” by default. That is, they are with reserve unless explicitly denoted as without...
Mike Brandly, AuctioneerJul 12, 20192 minThe NAA IAC Final Round Questions ’19At the 2019 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) held Friday, July 12 in New Orleans,...
Mike Brandly, AuctioneerJul 9, 20132 minIn Louisianna it sells absoluteThe only state which did not adopt the UCC 2-328 into their state law is Louisiana, however their courts regularly rule as if they had....
Mike Brandly, AuctioneerFeb 18, 20103 minAuctioneers & the Statute of FraudsIn this case, the plaintiff won on the testimony of an associate who “overheard” the deals details, while the defendant was prohibited to...