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The new FinCEN rule applies to non-financed residential real estate transfers in which the buyer is a legal entity. When …Continue reading →
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Could auction terms say this? How probable is such a situation? Our answers are yes, terms could say this, but …Continue reading →
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In federal (and therefore persuasive) auction law, understanding how courts treat auctioneer-set terms is essential for both auctioneers, sellers, and …Continue reading →
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The last good faith bid at auction is the highest legitimate bid made before final acceptance, which occurs when the …Continue reading →
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A “with reserve” auction is an auction where the seller retains the right to accept or reject the highest bid. …Continue reading →
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An absolute auction, also called a “without reserve” auction, is defined as “the genuine intent to transfer to the highest …Continue reading →
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What is an Auction? Understanding the Basics An auction is a structured process for selling property, goods, or services where …Continue reading →
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Under general contract principles, offers are freely revocable at any time before acceptance. But this doctrine creates exceptions. Here are …Continue reading →
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The National FFA Organization has officially approved the International Junior Auctioneer Championship as one of its endorsed activities. That approval …Continue reading →
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An auctioneer has broad discretion to design registration and payment rules, but that discretion is exercised with the seller’s knowledge …Continue reading →
