Understanding Auction Sales Laws

<p>Acceptance</p> Signup and view all the answers

<p>Consideration</p> Signup and view all the answers

<p>A statement of intention to be bound on certain terms</p> Signup and view all the answers

<p>The customer</p> Signup and view all the answers

<p>Pharmacist</p> Signup and view all the answers

<p>Offer by the customer</p> Signup and view all the answers

<p>Invitation to treat</p> Signup and view all the answers

<p>Customer</p> Signup and view all the answers

<p>Partridge v Crittenden</p> Signup and view all the answers

<p>It does not constitute an offer to any person that the goods will actually be put up for auction.</p> Signup and view all the answers

<p>An offer to enter into a contract with the seller.</p> Signup and view all the answers

<p>The Plaintiff was entitled to recover the pony.</p> Signup and view all the answers

<p>In one, there is no obligation for the highest bidder to purchase.</p> Signup and view all the answers

<p>'He is entitled to recover the item.'</p> Signup and view all the answers

<p>When the auctioneer announces its completion by the fall of the hammer</p> Signup and view all the answers

<p>The highest bona fide bidder is entitled to buy the goods at the price bid</p> Signup and view all the answers

<p>Only when a right to bid is expressly reserved</p> Signup and view all the answers

<p>The seller or their representative can make one bid only</p> Signup and view all the answers

<p>Each lot is considered a separate contract of sale</p> Signup and view all the answers

<p>No, unless paragraph (d) applies</p> Signup and view all the answers

<p>After a fixed period specified in the offer</p> Signup and view all the answers

<p>The offer becomes invalid</p> Signup and view all the answers

<p>If the offeree is unaware of the offeror's death</p> Signup and view all the answers

<p>Implementing the two-contract theory</p> Signup and view all the answers

<p>The intentions of the parties and circumstances of the case</p> Signup and view all the answers

<p>Yes, as long as acceptance is not yet complete</p> Signup and view all the answers

<p>An auction sale without reserve price constitutes an offer to the highest bidder, while an auction sale with reserve price does not.</p> Signup and view all the answers

<p>There is a contract between the auctioneer and the Plaintiff, and the Plaintiff is entitled to recover the item sold.</p> Signup and view all the answers

<p>The advertisement does not constitute an offer to any person that the goods will actually be put up.</p> Signup and view all the answers

<p>The plaintiff's bid amounted to a binding contract with the auctioneer.</p> Signup and view all the answers

<p>The highest bid made by any bidder.</p> Signup and view all the answers

<p>When the auctioneer announces its completion by the fall of the hammer</p> Signup and view all the answers

<p>Retract their bid</p> Signup and view all the answers

<p>If a right to bid is expressly reserved</p> Signup and view all the answers

<p>The highest bona fide bidder is entitled to buy the goods at the price bid, even if the auctioneer refuses</p> Signup and view all the answers

<p>If the auction is notified to be subject to a reserve price</p> Signup and view all the answers

<p>Each lot is deemed to be the subject of a separate contract of sale</p> Signup and view all the answers

<p>Before the offeror accepts the offer</p> Signup and view all the answers

<p>When there is no binding contract to keep it open</p> Signup and view all the answers

<p>When it is communicated to the offeree</p> Signup and view all the answers

<p>Any reliable third party</p> Signup and view all the answers

<p>The offeror can revoke the offer even after the offeree begins to fulfill the stipulated condition</p> Signup and view all the answers

<p>Revocation is ineffective unless communicated to the offeree</p> Signup and view all the answers

<p>It is deemed a unilateral offer.</p> Signup and view all the answers

<p>It is usually rejected as a non-compliant bid.</p> Signup and view all the answers

<p>If the condition is not satisfied by a specified deadline.</p> Signup and view all the answers

<p>The specific parties to whom the request for tenders is made.</p> Signup and view all the answers

<p>After a fixed period specified in the offer</p> Signup and view all the answers

<p>If it is stated that the decision will be based on a combination of factors including price and quality.</p> Signup and view all the answers

<p>When a condition in the offer is not satisfied</p> Signup and view all the answers

<p>'The lowest or highest bidder will get the contract' statement can transform an invitation to treat into an offer.</p> Signup and view all the answers

<p>Offer accompanied by another implied offer not to revoke</p> Signup and view all the answers

<p>After the offeree's death</p> Signup and view all the answers

<p>Ignorance of the offeree regarding the offeror's death</p> Signup and view all the answers

<p>Consideration</p> Signup and view all the answers

<p>Promise or set of promises enforceable in law</p> Signup and view all the answers

<p>Consideration</p> Signup and view all the answers

<p>Statement of intention with certain terms</p> Signup and view all the answers

<p>Certain and clear terms</p> Signup and view all the answers

<p>Offering party</p> Signup and view all the answers

<p>The bid constitutes an offer by the bidder</p> Signup and view all the answers

<p>Bids below the reserve price are not considered offers</p> Signup and view all the answers

<p>A bid in a sale without reserve may constitute an offer</p> Signup and view all the answers

<p>Never, it does not constitute an offer</p> Signup and view all the answers

<p>The Plaintiff was entitled to recover the item bid on</p> Signup and view all the answers

<p>It was a unilateral offer.</p> Signup and view all the answers

<p>Invitation to treat</p> Signup and view all the answers

<p>The clarity and definiteness of the offer</p> Signup and view all the answers

<p>When it is a unilateral offer.</p> Signup and view all the answers

<p>Issuing an invitation to treat</p> Signup and view all the answers

<p>The clarity of intentions between parties</p> Signup and view all the answers

<p>An offer shows the intention to be bound, while an invitation to treat is an indication of willingness to negotiate.</p> Signup and view all the answers

<p>When placing them on display without indicating price</p> Signup and view all the answers

<p>A definite indication of being bound by certain terms</p> Signup and view all the answers

<p>Whether a counteroffer is made in response</p> Signup and view all the answers

<p>The goods are merely an invitation for customers to make an offer</p> Signup and view all the answers

<p>An invitation to treat shows intention to be bound, while an offer is open for negotiation.</p> Signup and view all the answers

<p>If the offeree is notified of the offeror's death</p> Signup and view all the answers

<p>When the contract is for personal services</p> Signup and view all the answers

<p>Failure to satisfy a condition in the offer</p> Signup and view all the answers

<p>When it is a contract for personal services</p> Signup and view all the answers

<p>The acceptance is valid regardless</p> Signup and view all the answers

<p>When either party dies and the other is aware</p> Signup and view all the answers

<p>An indication in words or by conduct that the offeror is willing to be bound by contract terms expressed in the offer</p> Signup and view all the answers

<p>A promise to pay £100 to anyone who got sick from their product</p> Signup and view all the answers

<p>Because he did not communicate his offer to assist in sailing the ship home</p> Signup and view all the answers

<p>The offer must be communicated to the offeree</p> Signup and view all the answers

<p>An invitation allows negotiating further terms</p> Signup and view all the answers

<p>To a particular person, group of person, or the world at large</p> Signup and view all the answers

<p>The intention of the party making the statement</p> Signup and view all the answers

<p>When the display indicates availability for purchase</p> Signup and view all the answers

<p>The offer was deemed definite</p> Signup and view all the answers

<p>An invitation signals readiness to enter into negotiations without immediate commitment</p> Signup and view all the answers

<p>A letter stating 'we may be prepared to sell you'</p> Signup and view all the answers

<p>The intention of the party making the statement</p> Signup and view all the answers

<p>As a unilateral offer</p> Signup and view all the answers

<p>An offer is not open for negotiation, while an invitation to treat is.</p> Signup and view all the answers

<p>The legal intention of the parties and surrounding circumstances</p> Signup and view all the answers

<p>As a legally binding contract</p> Signup and view all the answers

<p>It was a unilateral offer with specific terms</p> Signup and view all the answers

<p>Offer the stated purchase price and be entitled to performance</p> Signup and view all the answers

<p>The goods displayed at the auction</p> Signup and view all the answers

<p>Cave withdrew his bid before it was accepted</p> Signup and view all the answers

<p>Harris was compensated for his time and expenses</p> Signup and view all the answers

<p>Before it is accepted by the auctioneer</p> Signup and view all the answers

<p>The fall of the auctioneer's hammer</p> Signup and view all the answers

<p>The acceptance of a bid by the auctioneer</p> Signup and view all the answers

<p>The purchaser has no right of action unless there is fraud involved.</p> Signup and view all the answers

<p>When it states that the lowest bidder will get the contract.</p> Signup and view all the answers

<p>A request to specified parties with criteria for awarding contracts can create a binding offer.</p> Signup and view all the answers

<p>By revocation from the offeror.</p> Signup and view all the answers

<p>It includes a percentage addition to another bid.</p> Signup and view all the answers

<p>The specific parties mentioned in the notice and criteria for contract award.</p> Signup and view all the answers

<p>The offer to assist was not communicated to the ship owners.</p> Signup and view all the answers

<p>The offer must be communicated to the world at large to be valid.</p> Signup and view all the answers

<p>Whether the offeree communicates acceptance of the terms.</p> Signup and view all the answers

<p>To increase sales of their products.</p> Signup and view all the answers

<p>It allows for immediate acceptance or rejection by the offeree.</p> Signup and view all the answers

<p>By analyzing if there was a clear intention to be bound by contract.</p> Signup and view all the answers

<p>It determines the intention of the party involved</p> Signup and view all the answers

<p>It serves as an invitation to negotiate</p> Signup and view all the answers

<p>An invitation to treat indicates a willingness to negotiate, while an offer is a final statement</p> Signup and view all the answers

<p>When a price tag is missing from the item</p> Signup and view all the answers

<p>They can result in either further negotiation or an offer</p> Signup and view all the answers

<p>To clarify when an offer becomes legally binding</p> Signup and view all the answers

<p>Invalidates the offer</p> Signup and view all the answers

<p>When the offeror has promised to keep the offer open</p> Signup and view all the answers

<p>By communicating directly to the offeree</p> Signup and view all the answers

<p>When dealing with unilateral contracts</p> Signup and view all the answers

<p>Effective upon receipt by the offeree</p> Signup and view all the answers

<p>The timing of revocation after acceptance has started</p> Signup and view all the answers

<p>The highest bidder is entitled to buy the goods at the price bid</p> Signup and view all the answers

<p>One bid</p> Signup and view all the answers

<p>Unless otherwise stated in writing</p> Signup and view all the answers

<p>Limited bidding with one reserved bid by the seller or representative</p> Signup and view all the answers

<p>Retract their bid</p> Signup and view all the answers

<p>The Plaintiff is entitled to recover the item.</p> Signup and view all the answers

<p>The highest bidder has a legal entitlement to acquire the item.</p> Signup and view all the answers

<p>It symbolizes an offer to the highest bidder, creating a binding contract.</p> Signup and view all the answers

<p>The auction continues until someone meets the reserve price or until it is withdrawn.</p> Signup and view all the answers

<p>It represents an invitation to treat rather than an offer.</p> Signup and view all the answers

<p>An indication by the offeror that they are willing to be bound by the terms stated in the offer upon acceptance by the offeree.</p> Signup and view all the answers

<p>The offer must be communicated to the offeree to allow for acceptance or rejection.</p> Signup and view all the answers

<p>The ship's owners were not obligated to pay for the master's assistance as there was no communicated offer to assist.</p> Signup and view all the answers

<p>The defendants issued a public advertisement offering a reward for a specific action, leading to a binding contract.</p> Signup and view all the answers

<p>In writing, orally, or through conduct</p> Signup and view all the answers

<p>An invitation to treat is merely an invitation for offers while an offer is capable of acceptance.</p> Signup and view all the answers

<p>When the hammer falls or in another customary manner</p> Signup and view all the answers

<p>Retract their bid</p> Signup and view all the answers

<p>The highest bona fide bidder at the price bid</p> Signup and view all the answers

<p>The right to make only one bid</p> Signup and view all the answers

<p>The seller or someone on their behalf may bid</p> Signup and view all the answers

<p>'Bonafide' bidding from all participants</p> Signup and view all the answers

<p>An offer to the 'whole world' was not possible in English law</p> Signup and view all the answers

<p>An offer indicates a willingness to be bound, while an invitation to treat is not yet binding</p> Signup and view all the answers

<p>When the goods are merely on display for customers to select</p> Signup and view all the answers

<p>The response to an invitation results in an agreement, while a response to an offer is still under negotiation</p> Signup and view all the answers

<p>The context in which the goods are displayed</p> Signup and view all the answers

<p>To ensure they are not unfairly bound by verbal agreements</p> Signup and view all the answers

<p>For allowing customers to select drugs from the shelves without supervision</p> Signup and view all the answers

<p>It clarified that advertisements for goods are invitations to treat</p> Signup and view all the answers

<p>Customers offer to buy goods at checkout in self-service shops</p> Signup and view all the answers

<p>The display of goods in shops is considered an invitation to treat</p> Signup and view all the answers

<p>An invitation to treat precedes a valid offer in a buying transaction</p> Signup and view all the answers

<p>Customers are bound by their selection of goods in self-service shops</p> Signup and view all the answers

<p>Invalidates the original offer</p> Signup and view all the answers

<p>When communicated to the offeree</p> Signup and view all the answers

<p>For unilateral contracts</p> Signup and view all the answers

<p>Unilateral contracts are exempt from this rule</p> Signup and view all the answers

<p>Revocation is effective upon arrival when sent by post</p> Signup and view all the answers

<p>Requires revocation to be communicated to offeree</p> Signup and view all the answers