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Section 57(2) provides: "A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer, or in other customary manner. Until the announcement is made any bidder may retract his bid." S. 57(3) provides further: "An auction sale may be subject to a reserve price".
You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. ( November 2018 ) ( Learn how and when to remove this message ) In politics, a concession is the act of a losing candidate publicly yielding to a winning candidate after an election after the overall result of the vote has become clear.
Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law . Rescission at common law (as distinct from rescission in equity ) is a self-help remedy: historically, the common law courts simply gave effect to the ...
Self-retraction is a request from an author and/or co-authors to retract its own work from being published. Self-retraction by an author is recommended because once it gets retracted from the journal, then it can affect the author(s) because investigations can begin which will have an effect the author's reputation.
Dummy bid (a/k/a "ghost bid") – a false bid, made by someone in collusion with the seller or auctioneer, designed to create a sense of increased interest in the item (and, thus, increased bids). Dynamic closing – a mechanism used to prevent auction sniping , by which the closing time is extended for a small period to allow other bidders to ...
The certification process, usually a formality, was upended four years ago when supporters of Trump violently stormed the U.S. Capitol in a bid to halt the transfer of power to Democrat Joe Biden ...
But Republican Sen. Markwayne Mullin, speaking to Dana Bash on the same show, said such claims were “ridiculous” and “outright dangerous” and called for Duckworth to retract them.
However, if the minimum bid increment is very low, the sorites paradox can come into play, and make it difficult for a person to establish a single maximum bid. [9] For example, if the minimum bid increment on an auction is 10 cents, it can be difficult or impossible for a person to identify a price which they would be willing to pay to win the ...