North Carolina Auction and Auctioneer Laws

North Carolina Auction and Auctioneer Laws.
Items 1 - 2 of 2
Items 1 - 2 of 2

An Auctioneer at a Sale is, at the Time and for that Purpose, the Agent of Both Seller and Buyer

In Greenberg v. Bailey, 14 N.C. App. 34, 187 S.E.2d 505 (1972), an action was brought for specific performance of alleged written contract to convey real property arising out of auction sale. The District Court found for purchaser and vendors appealed. The Court of Appeals held that “[a]n ‘auctioneer at a sale is, at the time and for that purpose, the agent of both seller and buyer. . . .’...

When Sale of Auction Lot Final North Carolina

North Carolina General Statutes Annotated  Chapter 25. Uniform Commercial Code (Refs & Annos) Article 2. Sales (Refs & Annos) Part 3. General Obligation and Construction of Contract § 25-2-328. 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) A sale by auction is complete when the auctioneer so announces by...

Items 1 - 2 of 2
Items 1 - 2 of 2
Log In