in auction sale if the seller appoints more than one bidder the sale i...
Understanding Auction Sale
An auction sale is a public sale where goods or property are sold to the highest bidder. In an auction sale, the seller appoints one or more bidders to place bids on their behalf. The appointment of more than one bidder by the seller raises questions about the validity of the auction sale.
Validity of Auction Sale
The validity of an auction sale depends on whether the seller appoints one or more bidders. If the seller appoints only one bidder, the auction sale is valid. However, if the seller appoints more than one bidder, the auction sale may be voidable or void.
Voidable Auction Sale
An auction sale is voidable if the seller appoints more than one bidder, and the highest bidder is not a genuine bidder. In this case, the auction sale can be cancelled at the option of the buyer. The buyer can either cancel the sale or claim damages from the seller.
Void Auction Sale
An auction sale is void if the seller appoints more than one bidder, and the highest bidder is also appointed by the seller. In this case, the auction sale is considered void, and the buyer is entitled to a refund of any money paid.
Conclusion
In conclusion, the seller appointing more than one bidder in an auction sale raises questions about the validity of the sale. If the highest bidder is not genuine, the sale may be voidable, and if the highest bidder is appointed by the seller, the sale is void. Therefore, it is important for the seller to appoint only one genuine bidder to avoid any legal implications.
in auction sale if the seller appoints more than one bidder the sale i...
voidable