Massachusetts Auction and Auctioneer Laws
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In an Auction “With Reserve,” the Seller and Each Bidder can Withdraw only until the Seller Signifies Acceptance of a Bid
The Appeals Court of Massachusetts in Hunt v. Rice, 25 Mass. App. Ct. 622 (Mass. App. Ct. 1988) held that in an auction with reserve, a seller or any bidder may withdraw his/her/its bid only until the seller signifies the acceptance of bid. Acceptance may be shown by conduct, words, or a combination of the two which are reasonable in the circumstances. This case involved an auction sal...
Ordinarily, a Seller in an Auction Sale is Bound to Accept the Highest Bid only if an Invitation for bids Includes the Sale terms and Specifically states that an Auction is Positive or Without Reserve
The Appeals Court of Massachusetts in Mangano v. Town of Wilmington, 51 Mass. App. Ct. 857 (Mass. App. Ct. 2001) held that the seller in an auction is bound to accept the highest offer only if an invitation for bids specifically states that an auction is positive or without reserve and the terms of the sale are included in the invitation. In this case, the Wilmington town (“Town”), De...
Massachusetts Sales by Hawkers or Pedlers Licensed as Auctioneers
Part I. Administration of the Government (Ch. 1-182) Title XV. Regulation of Trade (Ch. 93-110H) Chapter 101. Transient Vendors, Hawkers and Pedlers (Refs & Annos) § 29. Sales by hawkers or pedlers licensed as auctioneers No hawker or pedler, holding an auctioneer's license, shall sell or expose for sale by public auction any goods, wares or merchandise in any town other than that...
When Sale of Auction Lot Final Massachusetts
Part I. Administration of the Government (Ch. 1-182) Title XV. Regulation of Trade (Ch. 93-110H) Chapter 106. Uniform Commercial Code (Refs & Annos) Article 2. Sales (Refs & Annos) Part 3. General Obligation and Construction of Contract (Refs & Annos) § 2-328. Sale by Auction (1) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. (2...
Massachusetts Consumer Affairs and Business Regulation | Auctioneers
http://www.mass.gov/ocabr/government/oca-agencies/dos-lp/dos-licensing/dos-auctioneers/
Items 1 - 5 of 5
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Items 1 - 5 of 5
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