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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]
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.
“What is happening with Liam Payne's body is fundamentally that they need to wait for the toxicological reports that usually take from one to two weeks, from 7 to 15 days, and until
Whelp, that sure was a lot of blowouts in the first round of the College Football Playoff. On this week's overreaction pod, Dan Wetzel Ross Dellenger and SI's Pat Forde acknowledge what led to ...
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 ...
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) owns a stock portfolio worth roughly $300 billion with about four dozen individual stocks in it. Legendary stock-picker Warren Buffett himself hand ...
A man found frozen in a Pennsylvania cave in 1977 has finally been identified, closing the book on a nearly 50-year-long mystery. The Berks County Coroner’s Office identified the remains of the ...