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

Auctions have been going on for over 2,000 years. Since auctioneers started to use the Internet for online and simulcast auctions,...

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...

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,...

However, from the standpoint of bidders, there is no revival of previous bids. This subject occurs when there is an item up for bid, and...