Posted by Pops1532 on April 14, 2014 at 07:07:42 from (98.227.133.60):
In Reply to: odd auction goof posted by j hikemper on April 12, 2014 at 20:19:46:
While he certainly might have grounds to be mad at the auctioneer, once the auctioneer says sold, the item is sold. That IS the law.
I have a buddy that's a lawyer that specializes in auction law. The way he explains it is when the auctioneer calls for bids that is the "offer" part of a contractual agreement. When someone places the highest bid that is the "acceptance" part of the contract. When the bidding stops advancing and the auctioneer says "sold", it is a legally binding contract.
The OP's auctioneer sounds like a good one to steer clear of for a couple of reasons. One being he was the agent for the seller and it doesn't sound like he called for another bid once he had gotten the initial bid. That is wrong. If he had called for $65 or even $61 and the bidding didn't advance, he would have at least fulfilled his fiduciary duty to the seller.
The other thing I take exception with is the auctioneer telling the seller he could have bid on the item himself. Seller bidding is only legally permissible when the auctioneer announces that seller bidding is allowed. Why would someone do business as either a buyer or seller with someone that suggests their sellers break the law?
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.