#consideration

Mike Brandly, Auctioneer

Aug 31, 20232 min read

You are “binding” your bidder

Auctions involve bidders making offers, and auctioneers generally accept those offers if they are higher in amount than the prior bid. ...

Mike Brandly, Auctioneer

Oct 31, 20223 min read

What’s the bidder’s consideration?

We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...

Mike Brandly, Auctioneer

Oct 14, 20222 min read

Agree to terms, and the terms change

We really don’t have to wonder, do we? For example, an auctioneer posts online auction terms and conditions (terms), and people click...

Mike Brandly, Auctioneer

Dec 18, 20172 min read

Can your bidder’s offer (bid) be irrevocable?

https://mikebrandlyauctioneer.wordpress.com/2014/08/11/bid-calling-is-just-numbers/ A twist on this offer and acceptance is that some...

Mike Brandly, Auctioneer

Apr 19, 20162 min read

Auctioneers: always written contracts

That’s because I thought every auctioneer knew this, and such writing would be largely uninteresting; however, I have been convinced of...

Mike Brandly, Auctioneer

Aug 11, 20143 min read

Bid calling is just numbers?

Actually, numbers, “Just rolling through the air?” was what I heard proposed. Auctioneers have bid called for 1,000’s of years. In the...

Mike Brandly, Auctioneer

May 11, 20142 min read

We’re selling the shelf and giving you the …

He conducted mostly onsite auctions where we were selling primarily antiques, collectibles, furniture, tools, etc. We would often get...

Mike Brandly, Auctioneer

Dec 1, 20092 min read

The essential elements of any contract

Competent parties Mutual assent Consideration Competent parties means that both parties to the contract are competent. Competency...