Virginia Auction and Auctioneer Laws
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Items 1 - 10 of 10
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In 'With Reserve' Internet Auctions, Commonwealth of Virginia Does not Have Jurisdiction Over Non-resident Commercial Sellers if the Bid is Accepted From Outside of Virginia
In Irving v. Wagner Zone, Inc., 68 Va. Cir. 127, (Va. Cir. Ct. 2005), the Circuit Court held that, in ‘with reserve’ auctions conducted using internet auction websites, the Virginia Court will have jurisdiction over non-resident Defendants only if the Plaintiff can show that the Virginia court exercise long arm jurisdiction over the Defendant. For this, the Plaintiff must show th...
In 'Absolute' Internet Auctions, a Contract Between a Bidder Located in Virginia and a Commercial Seller is Formed in Virginia at the Instant the Bidder Places his Bid; Commonwealth of Virginia Exercises Jurisdiction over Such Sellers
In National Auction Websites Malcolm v. Esposito, 63 Va. Cir. 440, 440-441 (Va. Cir. Ct. 2003), the Fairfax County Circuit Court held that the Commonwealth of Virginia exercises personal jurisdiction over commercial sellers conducting ‘without reserve’ auction sale using popular internet auction websites when the bidder places his bid while located in Virginia. The court in this ...
Chancellor may Order Property to be Sold at Public Auction Only if this Method of Sale Promotes Parties’ Interests
The Supreme Court of Virginia in Orgain v. Butler, 255 Va. 129 (Va. 1998) found that the Chancellor abused his discretionary power in ordering the property in a partition suit to be sold at public auction, rather than through a real estate broker as recommended by the commissioner in chancery.Orgain involved a partition suit in which the Supreme Court had to decide whether the chancellor involved ...
When a Gratuitous Agency Exists Between the Bidder and Seller in an Auction Sale, the Bidder has a Duty of Loyalty and Full Disclosure to the Principal (Seller)
In Squire v. Johnson, 35 Va. Cir. 283 (Va. Cir. Ct. 1994), the Virginia Circuit Court of the City of Richmond in deciding whether the bidder could recover the item for which he submitted the highest bid considered whether or not a gratuitous agency was created between the bidder and the seller in this case. The court found that the bidder could not recover the item because a gratuitous agenc...
Virginia Board of Auctioneers May Take Action Against an Auctioneer or Auctioneer’s Firm With an Affirmative Vote of a Majority of the Members Serving on the Board
The Court of Appeals of Virginia held that the Board of Auctioneer is authorized to take action against any auctioneer or auction firm although it lacks the statutory required numbers of members. The court found that the legislative purpose of the Virginia Board of Auctioneers (Board) would be obviated if transient vacancies were permitted to impair the Board's ability to perform its dut...
Virginia Administrative Provisions on Auction Sale of Designer or Vintage Spirit Bottles
Virginia Administrative provisions to regulate auction sale of designer or vintage spirit bottles Virginia Statutes Title 3. ALCOHOLIC BEVERAGES Agency 5. ALCOHOLIC BEVERAGE CONTROL BOARD Chapter 70. OTHER PROVISIONS § 3VAC5-70-230. Sale of designer or vintage spirit bottles Collectors of designer or vintage bottles containing distilled spirits may sell them at auction under the followi...
Virginia Law on Determining Auctioneers’ Commission in the Sale of Escheated Property
Virginia Statutes Title 1. ADMINISTRATION Agency 75. DEPARTMENT OF THE TREASURY Chapter 30. REGULATIONS GOVERNING ESCHEATS § 1VAC75-30-100. Commission basis for the escheator and the auctioneer The commissions paid to the escheator (10%) and the auctioneer (5.0%) are determined based on the proceeds collected from the sales of escheated property. If a partial payment is collected and the...
Powers of Auctioneering Board in Virginia
Annotated Code of Virginia Title 54.1. Professions and Occupations Subtitle II. Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department Chapter 6. Auctioneers § 54.1–600. Definitions § 54.1–601. Exemptions § 54.1–602. Auctioneers Board; membership, meetings and powe...
When Sale of Auction Lot Final Virginia
Annotated Code of Virginia Title 8.2. Commercial Code--Sales Part 3. General Obligation and Construction of Contract § 8.2-328. 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 the fall of the hammer or in other customary manner. Where a bid is made while ...
Virginia Auctioneers Board
http://www.dpor.virginia.gov/Boards/Auctioneers/
Items 1 - 10 of 10
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Items 1 - 10 of 10
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