Most people probably know that someone can’t be “forced” to sign a contract binding their performance rendering it invalid (or at minimum...

We as auctioneers shouldn’t let bidders retract a bid once made? In other words, the highest bid (and bidder) as all other bids don’t...

We’ve not only written about how auctions are collaborative in nature, but that auctioneers and sellers really only need the highest...

We previously wrote that in an online auction, high bidders have the right (state law) to retract their bids prior to, “Sold!” We also...

This issue arises not only in online auctions, but live auctions as well. The high bidder prior to the lot being denoted, “Sold!” wishes...

Contract law has been around since the middle ages — meaning that contracts start with an offer and form with acceptance and in today’s...

An attorney called and asked me if his client-auctioneer had to right to withdraw a property after receiving a bid on the property in an...

Our discussion today regards what can — or should — auctioneers do in such instances. Is there anything they can do? If you’re not...

https://mikebrandlyauctioneer.wordpress.com/2010/02/04/unethical-bid-calling-3-he-loves-me-he-loves-me-not/ Amplifying this attorney’s...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #9,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #8,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #7,...

Here’s the article, titled “Absolute versus reserve auctions: Is it ever legal to retract a bid?” The subtitle of Wayne’s article...

Yet, it’s maybe the most misunderstood (or at least the most misinterpreted) four paragraphs of law involving auctioneers. Today we focus...

The highly anticipated auction at the Springfield VFW hall started at 5:00 p.m. with over 120 in the room. The initial bid was $1,000 per...

One such “playing field” issue is that outside of seller withdrawal, the buyer may retract his bid anytime before the property is deemed...

The joy of teaching is almost always amplified by questions and commentary from attendees before class, at breaks and after class; nearly...

While the United States has developed many such auction and auctioneer laws, English (United Kingdom) courts in the 1700’s and 1800’s...

What does it mean when the auctioneer says, “Sold!?” In the United States, contract law is fairly clear that upon the declaration of...

As we have noted before, auctioneer bid calling is a series of oral contracts. A bid is received from a bidder and is accepted by the...