Rules relating to auction sales

In relation to sale of goods, explain four rules relating to auction sales

Rules relating to auction sales include;

  • If goods are offered in lots, each lot is deemed to be the subject matter of a separate contract.
  • If the right of the seller to bid is not expressly’ reserved, he cannot bid or do so through another person.
  • A sale by auction may be subject to an agreed price.
  • The right of the seller to bid may be reserved, in which case he may do so at the auction.



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