Actually, most auctions have some sort of guarantee or warranty. With only a few exceptions, auctioneers warranty clear title — in other...

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...

When bid calling, there can be only one high bidder who is in contract with the seller (i.e. one seller, one buyer). If it were possible...

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

If you are an auctioneer, or otherwise involved in the auction business, I strongly suggest you join the National Auctioneers Association...

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

This does happen also, but not nearly as often as a buyer not performing. What we have in this case is a seller who, after the...

First, it does matter if the transaction involves real property or personal property. Each are handled in very different ways due to the...

When an auctioneer says, “I have $10, and I’d like $15,” he is stating that he currently has his seller in contract with a particular...

It is not the same as “client” as the client has hired us to perform duties on their behalf. Customers, on the other hand, are typically...

You might answer to the $1.00 question, that it’s worth exactly $1.00. It’s worth that because that’s what you can get for it in terms of...

There is no other aspect of a public auction that attracts attention more than buyers feeling as if they might “get a deal” on something...