Absolute auction definition
Absolute auction means an auction of real or personal property to which all of the following apply:
Absolute auction means the sale of real or personal property at auction whereby every item offered from the block is sold to the highest bidder without reserve and without the requirements of a minimum bid or other conditions which limit the sale other than to the highest bidder.
Absolute auction means an auction where at the time of the auction sale the real or personal property to be sold will pass to the highest bidder regardless of the amount of the highest and last bid.
Examples of Absolute auction in a sentence
Any Listed Item which is not listed by Seller on Annex A as a Reserve Listed Item, will be sold as an Absolute auction, meaning the highest bidder purchases the item regardless of the amount of that highest bid.
Seller agrees that any Listed Item which has not been so designated a Reserve Listed Item on Annex A hereto, shall be sold as an Absolute auction (highest bidder purchases the item regardless of the amount of that highest bid) as specified in Section 10 herein.
More Definitions of Absolute auction
Absolute auction means the sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner, or agent of the owner, of the property.
Absolute auction means an auction in which:
Absolute auction means an auction that requires
Absolute auction means an auction of real or 35
Absolute auction or “Absolute” means that Property is sold to the highest bidder regardless of the amount of the final bid, with no limiting conditions, restrictions, or reservations. This type of auction is also known as an Unreserved Auction. Provided that a bid is received within a reasonable time after bidding opens on a Property, the Property will be sold to the highest bidder regardless of the final bid amount. A Property exposed for sale at Absolute Auction may be withdrawn by LAG if a bid is not received within a reasonable time after bidding opens on the Property. UNLESS SPECIFICALLY AND EXPRESSLY STATED BY LAG IN WRITING, ALL LOTS ARE BEING EXPOSED FOR SALE AT ABSOLUTE AUCTION OR WITHOUT RESERVE.
Absolute auction means the Absolute auction. – The sale of real or personal
Absolute auction means an auction of real or 45