Reply To: Bea Barnes was conducting an auction of certain farm equipment.?

Home Forums Buying at Auction Bea Barnes was conducting an auction of certain farm equipment.? Reply To: Bea Barnes was conducting an auction of certain farm equipment.?

#657
Jim Burgess
Participant

if you live in Australia the answer is b.

an auction is an invitation to treat and therefore any bid is merely an offer
the only exception to this is an auction without a reserve in which case the the auctioneer is contractually bound to knock down the item. (though not necessarily to the highest or lowest bidder)

In you case it has not be established whether the auction is with or without a reserve so arguably ‘A’ or ‘B’ could be correct but I would probably settle on B.