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References (8)
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Croner's Electronic Commerce Legal Issues -
Cassell's New Latin Dictionary 1959 3 rd ed. Cassell and Company Ltd -
(2001)
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Stephen Potter is a Lecturer and Chris Lovatt is a Senior Lecturer both within the Department of Business and Management Studies at Crewe and Alsager Faculty of -
(1999)
A Series International Trade Law 2nd
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2002 MCB UP Ltd. All rights reserved.
- ISSN
- 0140-9174
- DOI
- 10.1108/01409170210783304
- Publisher site
- See Article on Publisher Site
Abstract
Analyses the law covering the role of the management of auction sales and the implications they bring. Explores the legal obligations of the parties to an auction sale with specific reference to the newly defined liability of the managers of the auction where articles or property are sold “without reserve”. Concludes that it is now clear that if an auctioneer refuses to sell to the highest bidder then he will incur liability to the bidder. States that this could have dire consequences. Examines existing case law and new precedent materials to draw such conclusions and provides some recommendations.
Journal
Management Research News – Emerald Publishing
Published: Jun 1, 2002
Keywords: Auctions; Liability; Legal matters; Case law