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Sale of Goods Act, 1893

auction are enumerated, as that, 'where a sale is not notified to be subject to a right to bid on behalf of the seller, he may not bid himself or employ any person to bid'; savings for

Knock-out

Knock-out. The arrangement made between persons attending an auction to refrain from bidding in competition one with the other on the sale of certain articles and for the subsequent private sale

Auction

generally an increasing, an enhancement, and hence is applied to a public sale of property usually conducted by biddings, which augment the price. A spear used to be raised by the Romans, at the sign of a

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let

[may not be alienated, , or encumbered] [corporeal things may be out] 2 : to assign esp. after bids [were attempting to a contract without going through the bidding process "Union Springs Tel. Co. v. Rowell, 623

Ballot and Sale Society

a ballot among the members and by putting up the right to a sort of auction, the members bidding against each other for the right to the advance and the one who bids the highest obtaining it;

Voluntary winding up and winding up by the court

to depart from the technical meaning of 'voluntary winding up' and 'winding up by the Court' and to bid a good-bye to the distinction in our Company and Insurance jurisprudence between mere cessation of business by a

Upset price

sales by auction, an amount for which property to be sold is put up, so that the first bidder at that price is declared the buyer, if there is no higher bid.

Tender

a debt or obligation 2. Something unconditionally offered to satisfy a debt or obligation 3. An offer or bid put forward for acceptance, Black's Law Dictionary, 7th Edn., p. 1479. A tender of satisfaction is allowed to

Job-targeting program

maintain or improve its share of the labour in a particular market by financing or backing contractor who bid on targeted projects. Also termed market-recovery program, Black's Law Dictionary, 7th Edn., p. 840.

Pawnbroker

in the fifth schedule to this Act shall be observed with reference to the sale. A pawnbroker may bid for and purchase at a sale by auction, made or purporting to be made under this Act, a

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