Texas Auction and Auctioneer Laws
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Items 1 - 15 of 15
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Auction of Real Estate-Texas
Note: amended
A bid is only an Offer and does not Alone Create a Contract
The Texas Court of Appeals of the Eleventh District, Eastland in Peterson v. NCNB Tex. Nat'l Bank, 862 S.W.2d 182 (Tex. App. Eastland 1993) held that an auction sale contract is created only when a bid is accepted by the seller. A bid is simply an offer and a valid contract is created only upon its acceptance by the seller. This case relates to disputes ...
An Auction Advertisement Which States That The Goods will be Offered to the Highest Bidder Does not Indicate That the Auction is “Without Reserve”
The Court of Appeals of Texas in Specialty Maintenance & Constr. v. Rosen Sys., 790 S.W.2d 835 (Tex. App. 1990) held that a statement in an auction advertisement which states that the goods will be offered "to the highest bidder," does not mean that the auction that will be conducted would be an auction “without reserve.” In this case, the Appellant construction com...
In an Auction with Reserve the Auctioneer May Withdraw the Goods at Any Time Before the Completion of Sale
Court of Appeals in Texas in McDonald v. The Boat Barn, 994 S.W.2d 763 (Tex. App. Houston 1st Dist. 1999) held that in an auction ‘with reserve’ the auctioneer may withdraw the goods from sale at any time until the auctioneer announces completion of the sale. Id at 765. In this case, Cotton McDonald and Stoney McDonald (“Appellants”) were the highest bidders in an au...
Commission's Power to Use Reverse Auction to Purchase Goods and Services for the State of Texas
Administrative regulation regarding the use of reverse auction procedure adopted by the commission as a method of purchasing goods and services in Texas. Texas Administrative Code Title 34. PUBLIC FINANCE Part 1. COMPTROLLER OF PUBLIC ACCOUNTS Chapter 20. TEXAS PROCUREMENT AND SUPPORT SERVICES Subchapter C. PROCUREMENT § 20.51. Reverse Auction Pursuant to Government Code, § 2155.0...
Texas Facilities Commission’s Power to Sell State Surplus and Salvage Property by Auction
Texas Administrative Code Title 1. ADMINISTRATION Part 5. TEXAS FACILITIES COMMISSION Chapter 126. SURPLUS AND SALVAGE PROPERTY PROGRAMS Subchapter A. STATE SURPLUS AND SALVAGE PROPERTY § 126.5. Disposition of Surplus and Salvage Property to the Public by Competitive Bidding, Auction, or Direct Sale (a) Method of Sale. The Commission will consider the following criteria when determining...
School District’s Authority to Use Reverse Auction Conducted by a Third Party to Purchase Personal Property Valued Above $10,000 - Texas Law
Texas Attorney General Opinion 2009. AGO GA-0705. April 8, 2009 Mr. Robert Scott Commissioner of Education Texas Education Agency 1701 North Congress Avenue Austin, Texas 78701-1494 Opinion No. GA-0705 Re: Authority of a school district to use a reverse auction conducted by a third party to purchase personal property valued at $10,000 or more (RQ-0751-GA) Dear Commissi...
Disposition of Surplus or Salvage property by Competitive Bidding, Auction, Or Direct Sale – Texas Law
Texas Statutes Government Code Title 10. General Government Subtitle D. State Purchasing And General Services Chapter 2175. Surplus And Salvage Property Subchapter D. Disposition Of Surplus Or Salvage Property § 2175.186. Disposition By Competitive Bidding, Auction, Or Direct Sale (a) If a disposition of a state agency's surplus property is not made under Section ...
Notice Requirements for County’s Disposition of Salvage or Surplus Property – Texas Law
Texas Statutes Local Government Code Title 8. Acquisition, Sale, Or Lease Of Property Subtitle B. County Acquisition, Sale, Or Lease Of Property Chapter 263. Sale Or Lease Of Property By Counties Subchapter D. Disposition Of Salvage Or Surplus Property § 263.153. Notice (a) The commissioners court shall publish notice of a sale of surplus or salvage property in at lea...
When Sale of Auction Lot Final Texas
Texas Statutes and Codes Annotated Business and Commerce Code (Refs & Annos) Title 1. Uniform Commercial Code (Refs & Annos) Chapter 2. Sales (Refs & Annos) Subchapter C. General Obligation and Construction of Contract § 2.328. Sale by Auction (a) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. (b) A sale by auction is complete w...
Texas Law on Temporary Charitable Auction Permit
Texas Statutes Alcoholic Beverage Code Title 3. Licenses And Permits Subtitle A. Permits Chapter 53. Temporary Charitable Auction Permit § 53.001. Authorized Activities The holder of a temporary charitable auction permit may auction alcoholic beverages for consumption off premises to raise money to support charitable works of the permit holder. Cite as Tex. Alco. Bev. Code § 53.00...
Transportation Dept. May Purchase at Auction
Texas Statutes Transportation Code Title 6. Roadways Subtitle K. Mass Transportation Chapter 460. Coordinated County Transportation Authorities Subchapter F. Management Of Authority Current through the 2013 Regular and Special Sessions § 460.406. Public Works Contracts Note: Amended
Auction of Real Estate
Texas Statutes Occupations Code Title 7. Practices And Professions Related To Real Property And Housing Subtitle A. Professions Related To Real Estate Chapter 1101. Real Estate Brokers And Salespersons Subchapter A. General Provisions Current through the 2013 Regular and Special Sessions § 1101.005. Applicability Of Chapter Note: amended History. Amended By Acts 2011, 82nd Leg., R.S....
Sale of Seized Weapons
Texas Statutes Code of Criminal Procedure Title 1. Code Of Criminal Procedure Chapter 18. Search Warrants Current through the 2013 Regular and Special Sessions Article 18.19. Disposition Of Seized Weapons (a) Weapons seized in connection with an offense involving the use of a weapon or an offense under Penal Code Chapter 46 shall be held by the law enforcement agency makin...
Sale of Personal Property Seized for Failure to Pay Personal Property Tax
Texas Statutes Tax Code Title 1. Property Tax Code Subtitle E. Collections And Delinquency Chapter 33. Delinquency Subchapter B. Seizure Of Personal Property Current through the 2013 Regular and Special Sessions § 33.25. Tax Sale: Notice; Method; Disposition Of Proceeds (a) After a seizure of personal property, the collector shall make a reasonable inquiry to determ...
Items 1 - 15 of 15
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Items 1 - 15 of 15
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