 | James Kent - Law - 1858 - 966 pages
...by reason of the variation, (a) A bidding at an auction may be retracted before the hammer is down. Every bidding is nothing more than an offer on one side, which is not binding on either side until it is assented to, and that assent is signified on the part of the seller by knocking... | |
 | Edward Burtenshaw Sugden - Domestic relations - 1858 - 230 pages
...make the contract binding : that is signified on the part of the seller by knocking down the hammer. Every bidding is nothing more than an offer on. one side, which is not binding on either side till it is assented to. If a bidding was binding on the bidder before the hammer was knocked... | |
 | Leone Levi - Commercial law - 1863 - 572 pages
...damages on its non-performance. A bidding at an auction may be retracted before the hammer is down. Every bidding is nothing more than an offer on one side, which is not binding on either side until it is assented to, and that assent is signified on the part of the seller by knocking... | |
 | Leone Levi - Commercial law - 1863 - 570 pages
...damages on its non-performance. A bidding at an auction may be retracted before the hammer is down. Every bidding is nothing more than an offer on one side, which is not binding on either side until it is assented to, and that assent is signified on the part of the seller by knocking... | |
 | Iowa. Supreme Court - Law reports, digests, etc - 1865 - 680 pages
...bidders. The successful bidder, that is the highest bidder, whose bid is accepted, becomes the purchaser. "Every bidding is nothing more than an offer on one side, which is not binding on either side until it is assented to, and that assent signified on the part of the seller by knocking... | |
 | Law - 1857 - 664 pages
...the bidder retracts his bidding before the fall of the hammer he is not bound, every bidding being nothing more than an offer on one side, which is not binding on either side till it is assented to. (Payne v. Cave, 3 TR 148, cited by Lord Wynford in RwMedgt v. Grant,... | |
 | Judah Philip Benjamin - Sales - 1868 - 748 pages
...a bidder at an auction may retract his bidding any time before the hammer is down; and, per curiam, "Every bidding is nothing more than an offer on one side, which is not binding on either side till it is assented to. But, according to what is now contended for, one party would be... | |
 | Robert Arthur Ward - Investments - 1871 - 236 pages
...hammer, or otherwise, because the assent of both parties is necessary to make a contract binding ; and every bidding is nothing more than an offer on one side, which is not binding on either until it is accepted. If the bidding be retracted, it must be done distinctly enough for the... | |
 | Calvin Townsend - Commercial law - 1871 - 620 pages
...sales under the hammer." A bidding at auction may be retracted at any time before the hammer falls. Every bidding is nothing more than an offer on one side, which is not binding on either side until assented to, and that assent is signified on the part of the seller by knocking down... | |
 | Robert Squibbs - Auctioneers - 1879 - 338 pages
...was not done here till the seller had retracted. An auctioneer is not inaptly termed locus penitents. Every bidding is nothing more than an offer on one side, which is not binding on either side till it is assented to. But according to what is now contended for, one party would be... | |
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Every bidding is nothing more than an offer on one side, which is not binding on either side till it is assented to. But according to what is now contended for, one party would be bound by the offer, and the other not, which can never be allowed. 
