The Uniform Sales Act, drafted by Samuel Williston (1861 – 1963) who served as private secretary for U.S. Supreme Court Justice Horace...

As I understand the story (or stories) is that this one item had a particularly latent issue that the auctioneer wanted his bidders to...

In the terms and conditions prior to the start of the auction, the auctioneer noted that bids would have to be at least 10% more than any...

The short answer to this is, Yes. As referenced in several of my articles here, including most notably Does bid calling form contracts?,...