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Payne v Cave (1789) 3 TR 148 is an old English contract law case, which stands for the proposition that an auctioneer's request for bids is not an offer but an invitation to treat. The bidders make the offers which can be accepted by the auctioneer.
[6] [7] It is implicit from Payne v Cave (1789), [8] an early case concerning auctions, that each bid is deemed to expire when others make higher bids; but some auctioneers (such as eBay) have lawfully amended this presumption so that, should a higher bidder withdraw his bid, they may accept a lower one. [further explanation needed]
Pages in category "Auction case law" ... Payne v Cave; T. T 258/03; Thwaytes v Sotheby's; Tse Kwong Lam v Wong Chit Sen This page ...
Tinn v Hoffman (1873) 29 LT 271: "A rejection terminates an offer, so that it can no longer be accepted." The authority cited in Bonner Properties Ltd v McGurran Construction Ltd, a Northern Ireland case of 2008, is Tinn v Hoffman and Company (1873): In that case Mr Tinn was negotiating with the defendants for the purchase of some 800 tons of iron.
Three years after the original suspect in a nearly 40-year-old double murder was exonerated based on DNA evidence and freed from prison after 20 years, a Georgia man has been arrested and charged ...
Granger’s family and team have since confirmed that the 81-year-old rep is indeed at an independent living facility but denied reports that she is residing within the facility’s memory care ...
An Argentinian energy tycoon is among the three men slapped with manslaughter charges related to One Direction star Liam Payne's tragic Oct. 16 death, despite his insistence he did everything he ...
Pages in category "1789 in case law" The following 2 pages are in this category, out of 2 total. ... Payne v Cave; S. Sprange v Barnard This page was ...