Maryland Auction and Auctioneer Laws
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Items 1 - 7 of 7
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In Maryland, an Agreement with Auctioneer to Pay Commission When Property "Is Sold" is Construed To Mean Consummated Sale and Not Contract to Sell
In Childs v. Ragonese, 296 Md. 130, 132 (Md. 1983), the Maryland Court of Appeals held that, if the contract between a seller of real property and an auctioneer states that the auctioneer will be paid a commission if the property is "sold," the auctioneer will be entitled to retain his full commission only when the successful bidder at the public auction consummates the sale. In or...
In an Absolute Auction, Once a Final Mutual Assent is Achieved, the Statute of Frauds Merely Requires That the Parties Sign a Memorandum Encompassing all the Elements of a Contract
The Court of Special Appeals of Maryland in Pyles v. Goller, 109 Md. App. 71, 674 A.2d 35 (1996 Maryland) held that a suit for specific performance related to an absolute auction sale is not barred by the statutes of fraud where the buyer did not have a chance to memorialize the contract in writing because the bid was unlawfully rejected by the seller. This case involved a 'with res...
Advertised Terms of an Auction can be Orally Modified if the Auctioneer Announces the Changes in the Form of a Public Statement
The Court of Special Appeals of Maryland in Pyles v. Goller, 109 Md. App. 71, 674 A.2d 35 stated that the published terms of an auction can be orally modified if the changes are announced by the auctioneer in the form of a public statement so that all the bidders are aware of the changes. This case involved an auction sale of 11 lots of properties. Mr. Norris Pyles and Mr. Charles Du...
Cosmetics Auction in Maryland
Annotated Code of Maryland Health--General Title 21. Food, Drugs, and Cosmetics (Refs & Annos) Subtitle 11. Miscellaneous Drug and Cosmetic Provisions (Refs & Annos) Part III. General Limitations on Sale or Distribution of Drugs and Cosmetics § 21-1110. Sale of drugs or medicines by auction Application of section (a) This section does not apply to cosmetics, infant formula, or ...
Wine Auction Permits in Maryland
Annotated Code of Maryland Article 1 to Article 9 Article 2B. Alcoholic Beverages (Refs & Annos) Title 2. Manufacturer's and Wholesaler's Licenses Subtitle 1. Permits § 2-101. Permits; applications, fees Application forms provided (a) The Office of the Comptroller shall provide application forms for the permits listed in this section and applicants shall make application to...
Bulk Transfers in Maryland
Annotated Code of Maryland Commercial Law Title 6. Bulk Transfers (Refs & Annos) § 6-108. Auction sales; “auctioneer” (1) A bulk transfer is subject to this title even though it is by sale at auction, but only in the manner and with the results stated in this section. (2) The transferor sh...
When Sale of Auction Lot Final Maryland
Code of Maryland Commercial Law Title 2. Sales (Refs & Annos) Subtitle 3. General Obligation and Construction of Contract (Refs & Annos) § 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) A sale by auction is complete when the auctioneer so announces by the fall of the hammer or in other customary m...
Items 1 - 7 of 7
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Items 1 - 7 of 7
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