Illinois Auction and Auctioneer Laws
Items 1 - 19 of 19
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Items 1 - 19 of 19
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A Handbill on which an Auctioneer Places the Bidder's Name as a Notation of who was the Highest Bidder for the Real Estate Cannot be Considered Written Agreement to Satisfy the Statute of Fraud Requirements
The Appellate Court of Illinois, Fifth District , in Sims v. Broughton, 225 Ill. App. 3d 1076 (Ill. App. Ct. 5th Dist. 1992) held that a document that does not refer to the sale agreement and that merely places a bidder’s name on it as a notation of who was the highest bidder cannot be considered written agreement for the purchase of real estate or any document that could be connected ...
In Auction Sales Using Internet Auction Websites, Seller of an Item is not Subject to Specific Jurisdiction in the Buyer’s State of Residence Without Further Ties to that State
In MacNeil v. Trambert, 401 Ill. App. 3d 1077 (Ill. App. Ct. 2010), the Illinois Appellate Court discussed jurisdictional questions relating to sellers involved in internet auction sales. The court held that, when a seller auctions and sells items using internet websites, the seller is not subject to specific jurisdiction in the buyer’s state unless there are further ties to that state....
Rights Under an Auction Sale Contract are Enforceable Absent a Conclusive Settlement Agreement Between Parties
The Fourth District Appellate Court of Illinois in Kruse v. Kuntz, 288 Ill. App. 3d 431 (Ill. App. Ct. 1996) held that an auctioneer could recover the bid amount from a bidder based on an auction contract if the settlement agreement that was subsequently signed by the auctioneer and bidder is not conclusive. This suit involved an auction sale contract. In this case, the Plaintiff auct...
Buyer can Cancel Auction Sale of an Automobile if Seller does not Deliver Certificate of Title Within Reasonable Time
In Clay v. Harris, 228 Ill. App. 3d 475, 592 N.E.2d 1154 (1992), the Fourth District Appellate Court of Illinois held that a buyer in an auction sale could rescind the sale if the seller does not deliver certificate of title within a reasonable time. In this case, the defendant-Appellee Harris (“Appellee”) purchased car from Plaintiff- Appellant, Alonzo Clay (“Appellant&rd...
Illinois Municipalities Cannot Mandate Internet Auction Listing Service to Collect and Remit Taxes on Resold Tickets
In City of Chicago v. StubHub, Inc., 979 N.E.2d 844, the Supreme Court of Illinois discussed whether or not municipalities (such as the Appellant City of Chicago in this case) could ask electronic intermediaries (such as internet auction listing services, StubHub Inc., the Appellee in this case) to collect and remit amusement taxes on resold tickets. In this case, the Plaintiff Appe...
Illinois Chief Procurement Officer May Procure Supplies or Services of Sources Through a Competitive Electronic Auction
Administrative regulations adopted in Illinois relating to electronic auction for procurement of supplies and services of sources by Chief Procurement Officer Illinois Administrative Code Title 44. GOVERNMENT CONTRACTS, PROCUREMENTAND PROPERTY MANAGEMENT Part 500. PURCHASES AND CONTRACTS Subpart D. SOURCE SELECTION AND CONTRACT FORMATION § 500.300. General Provisions a) Late Off...
Illinois Administrative Code on CPO-GS Authorized Reverse Auctions in Illinois
Administrative provision on CPO-GS Authorized Reverse Auctions in Illinois is detailed below: Illinois Administrative Code Title 44. GOVERNMENT CONTRACTS, PROCUREMENTAND PROPERTY MANAGEMENT Part 1. CHIEF PROCUREMENT OFFICER FOR GENERAL SERVICES STANDARD PROCUREMENT Subpart E. SOURCE SELECTION AND CONTRACT FORMATION § 1.2013. Reverse Auctions a) CPO-GS Authorization A State agency may p...
Illinois Administrative Code Provisions Relating to Salvaged Alcoholic Liquor Auction
Administrative regulation in Illinois on sale of alcoholic liquors by auction. Illinois Administrative Code Title 11. ALCOHOL, HORSE RACING, AND LOTTERY Part 100. THE ILLINOIS LIQUOR CONTROL COMMISSION § 100.150. Salvaged Alcoholic Liquors h) An entity seeking to sell distressed merchandise shall also indicate on its letter of application to sell such distressed merchandise in Illinois w...
Illinois Auction Sales Sign Act
West's Smith-Hurd Illinois Compiled Statutes Annotated Chapter 815. Business Transactions Sales Act 303. Auction Sales Sign Act 303/0.01. Short title § 0.01. Short title. This Act may be cited as the Auction Sales Sign Act. 303/1. Signs, billboards, etc. § 1. The use of any signs, billboards, flags, banners or other media commonly used to designate that an auction is being hel...
When Sale of Auction Lot Final Illinois
Smith-Hurd Illinois Compiled Statutes Annotated Chapter 810. Commercial Code Act 5. Uniform Commercial Code (Refs & Annos) Article 2. Sales (Refs & Annos) Part 3. General Obligation and Construction of Contract (Refs & Annos) 5/2-328. Sale by Auction § 2-328. Sale by Auction. (1) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. (2...
Internet Listing Service Administrative Rules
Illinois Internet Listing Service Administrative Rules. SUBPART D: INTERNET AUCTION LISTING SERVICE Section 1440.400 Definitions Section 1440.410 Registration Section 1440.420 Expiration of Registration Section 1440.430 Renewal of Registration Section 1440.440 Issuance of Certificate of Registration Section 1440.450 Notification of Name Change Section 1440.460 Assumed Name ...
Surplus State Property Sold by Auction
Illinois Compiled Statutes Government Chapter 30. Finance Public Property Act 605. State Property Control Act Current through P.A. 98-0604 (2013-2014) § 30 ILCS 605/7.1. Surplus real property (a) Except as otherwise provided by law, all surplus real property held by the State of Illinois shall be disposed of by the administrator as provided in this Section."Surp...
Enforcement of Warehouse Lien by Auction
Illinois Compiled Statutes Business Chapter 810. Commercial Code Act 5. Uniform Commercial Code Article 7. Documents of Title Part 2. Warehouse Receipts: Special Provisions Current through P.A. 98-0604 (2013-2014) § 810 ILCS 5/7-210. Enforcement of warehouse's lien (a) Except as otherwise provided in subsection (b), a warehouse's lien may be enforced by publ...
Municipality Sale of Surplus Real Estate
Illinois Compiled Statutes Government Chapter 65. Municipalities Act 5. Illinois Municipal Code Article 11. Corporate Powers and Functions Public Health, Safety and Welfare Police Protection and Public Order Division 76. Lease, Sale and Transfer of Public Property--Sale or Lease of Real or Personal Property Current through P.A. 98-0604 (2013-2014) § 65 ILCS 5/11-76-4.1. Sale of surplus...
Fire District Sale or Personal or Real Estate
Illinois Compiled Statutes Government Chapter 70. Special Districts Fire Protection Act 705. Fire Protection District Act Current through P.A. 98-0604 (2013-2014) § 70 ILCS 705/10a. Sale or exchange of property (a) The board of trustees of any fire protection district incorporated under this Act may sell, lease or exchange personalty and may sell or lease realty owne...
Task Force Relating to Precious Metals and Jewelry
Illinois Compiled Statutes Regulation Chapter 205. Financial Regulation Act 510. Pawnbroker Regulation Act Current through P.A. 98-0604 (2013-2014) § 205 ILCS 510/20. [Section scheduled to be repealed effective 12/31/2014] Precious Metal Purchasers Task Force (a) The General Assembly finds: (1) There has been, and continues to be, a significant exp...
Auction of Real Estate by Park District
Illinois Compiled Statutes Government Chapter 70. Special Districts Park Act 1205. Park District Code Article 10. Powers (Continued) Sales and Conveyance of Real Estate Current through P.A. 98-0604 (2013-2014) § 70 ILCS 1205/10-7d. Public auction If a majority of the voters in any park district voting on the question at a referendum held for that purpose votes in favor of selling such...
Non-Resident Auction Fur Buyers Requires Permit
Illinois Compiled Statutes Agriculture and Conservation Chapter 520. Act 5. Wildlife Code Current through P.A. 98-0604 (2013-2014) § 520 ILCS 5/3.16a. Non-resident Auction Participation Permit; Fee Any individual who is not a resident of the State of Illinois and does not possess a non-resident fur buyer permit must obtain a non-resident auction participation permit to receive, collect,...
Art Auction House Act
Illinois Compiled Statutes Regulation Chapter 225. Professions and Occupations Service and Sales Act 405. Art Auction House Act Current through P.A. 98-0604 (2013-2014) § 225 ILCS 405/0.01. Short title This Act may be cited as the Art Auction House Act. Cite as 225 ILCS 405/0.01 Source: P.A. 86-1324. § 225 ILCS 405/1. As used in this Act, art auction house means any person, pa...
Items 1 - 19 of 19
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Items 1 - 19 of 19
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