In that time, I have covered each word of the UCC 2-328 (all 254 words) hundreds of times, to groups as large as 170 attendees in one...

She wishes to withdraw some consigned firearms, and place reserves on others, after signing a without reserve auction contract with an...

Claire decided after consigning some firearms, she wished to withdraw some of them, and place reserves on some otherwise selling without...

The auctioneer she chose was a Federal Firearms Licensee (FFL) with an auction facility near Louisville, Kentucky. With the auction day...

In essence, we asked if an auctioneer offered the high bidder choice of a group of items in an absolute auction, where that bidder could...

For example, say the auction date is November 15. November 1 the auction house places a list of the items to be offered at auction on...

Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...

The UCC 2-328 speaks to this issue in a somewhat peculiar fashion. In particular: 2-328 (4) If the auctioneer knowingly receives a bid on...

Bib has held over 10,000 auctions in his career — mostly livestock, farm equipment and real property. Today, Bib is holding an auction...

There are also other forced sale auctions including foreclosures, repossessions and court-ordered actions (lacking the seller’s consent)....

While it is important to note that a few of those states have slightly modified that same state law, all those states basically operate...

Auctions are distinctly one of two types in the United States: “With reserve,” or “Without reserve.” If you are considering a “with...

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

To generalize the question at issue, let’s say an auctioneer is selling real property at auction, and the bidding goes as such: ...

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 discussed in various posts, there are two types of auctions: With reserve Without reserve In a with reserve auction, the...

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...

This is my tenth “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...

State law in 49 of the 50 states in the United States dictates that items may be withdrawn prior to the start of the auction, no matter...

When I attended auction school, decades ago, I remember distinctly (the very first day) that we were taught to say, “Sold!” when we...