Let the auctioneer/manager beware

Potter, Stephen and Lovatt, Chris (2002) Let the auctioneer/manager beware. Management Research News, 25 (6-7). pp. 50-59. ISSN 0140-9174

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Official URL: http://dx.doi.org/10.1108/01409170210783304

Abstract

Analyses the law covering the role of the management of auction sales and the implications they bring. Explores the legal obligations of the parties to an auction sale with specific reference to the newly defined liability of the managers of the auction where articles or property are sold “without reserve”. Concludes that it is now clear that if an auctioneer refuses to sell to the highest bidder then he will incur liability to the bidder. States that this could have dire consequences. Examines existing case law and new precedent materials to draw such conclusions and provides some recommendations.

Item Type:	Article
Peer-reviewed:	Yes
Date Deposited:	20 Oct 2009 14:57
Publisher:	Emerald
Additional Information:	This is an Author Accepted Manuscript of an article published in Management Research News, published by and copyright Emerald.
Divisions:
Subject terms:	1503 Business and Management, 1505 Marketing
URI:	https://e-space.mmu.ac.uk/id/eprint/84482
DOI:	https://doi.org/10.1108/01409170210783304
ISSN	0140-9174

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