Reserve auction definition
Reserve auction means an auction in which the seller or an agent of the seller reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property at any time prior to the completion of the auction by the auctioneer.
Reserve auction means the auctioneer reserves the right to reject any and all bids.
Reserve auction means an auction in which the seller, or an agent for the seller, reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property, at any time prior to the completion of the auction, by the auctioneer.
More Definitions of Reserve auction
Reserve auction means an auction in which the seller 45
Reserve auction means an auction in which the seller 56
Reserve auction means an auction in which the seller retains the right to establish a minimum price, to
Reserve auction of real and personal property means an auction in which the seller retains the right to
Reserve auction means an auction in which the seller or an agent of the seller reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property at any time prior to the completion of the auction by the auctioneer offer for sale the above described chattel. The undersigned agrees to assume, indemnify, and hold harmless the Brokers, and prospective bidder, and/or the purchaser of the described property from any claim of any other person or entity relative to the described property. The undersigned specifically warrants that no person or entity possesses a security interest in the chattel except as disclosed herein. In the event that Brokers deem that a lien search is necessary, the undersigned agrees to assume the cost of such search.
Reserve auction means an auction in which the seller or an agent of the seller reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property at any time prior to the completion of the auction by the auctioneer. Vehicle will be accepted with a reserve placed on it provided that it is considered fair and reasonable by the Consignee. The reserve, if any, must be stated on this form. Reserve cannot be raised once the automobile is accepted, but it may be lowered prior to the time of sale.
Reserve auction means an auction in which the seller retains the right to establish a minimum price, to accept or decline any and all bids, or to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer. An auction is a reserve auction unless the property is, in explicit terms, put up without reserve for an absolute auction.