Auctioneers - Law Dictionary Search Results
licitation
price, from licere to be for sale] : the act of offering for sale or bidding at an auction ;specif in the civil law of Louisiana : a mode of partitioning property held in common by sale
Finder of goods
21 LJ QB 75, where a bundle of bank notes so found was recovered. The buyer at an auction of a bureau with a secret drawer in it containing money is in law in the position of
Innkeeper
38), that in addition to his right of lien, the innkeeper may, after six weeks sell by public auction all goods (advertised at least one month beforehand), horses, etc., left with him by a person leaving the
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Lay system
Lay system, means a system in which a fishing vessel's catch is sold at auction, and then the proceeds are provided first to the provider of supplies and then to the master and
Licence
acts, as to marry without publication of banns, or to carry on various trades, as that of an auctioneer, hawker, or pedlar. As to licences for the sale of intoxicating liquors by retail, see INTOXICATING LIQUORS. As
Mortgage
any by which the transfer is effected is called a mortgage deed. Earnest money deposits of bidders at auction sale of forest produce is not mortgage and therefore not liable to stamp duty, Board of Revenue v.
Open market
to a limited class only, such as the members of the family. The market is not necessarily an auction-sale. The s. means such amount as the land might be expected to realize if offered under conditions enabling
Opening biddings
estate was sold, and put up the estate for sale again. But the Sale of (English) Land by Auction Act, 1867, has, by s. 7, abolished this inconvenient practice (under which biddings were opened even more than
Order
order allowing the application certainly deprives the purchaser of rights accrued to him as a result of the auction-sale, Redhey Shyam v. Shyam Behari Singh, (1970) 2 SCC 405: AIR 1971 SC 2337. The word 'order' which
Reserve Price
Reserve Price, Indicates the object behind fixing the reserve price viz. to limit the authority of the auctioneer. In the present case, the board resolution is meant to guide the officers of the second respondent. The
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