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George A. Michak’s articles on bidder qualification, absentee bids, bid retraction, and auctioneer discretion in conducting auctions.
Articles are for information and discussion only. They do not constitute legal advice or establish an attorney-client relationship. Articles retain their original publication dates; laws and circumstances may have changed.
George A. Michak discusses auctioneer discretion, timely missed bids, UCC Section 2-328, and contract terms governing reopening bidding.
George A. Michak discusses missed bids, auctioneer discretion, seller interests, and the terms governing auction acceptance and finality.
Explore the legal and practical considerations surrounding absentee bids, bidder expectations, auctioneer duties, and auction terms.
Explore George A. Michak’s discussion of auction finality, contract formation, and whether a lot can be unsold after the fall of the hammer.
George A. Michak discusses auctioneer discretion when registering bidders, establishing auction terms, and controlling the conduct of an auction.
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