Bidder May Retract Till Hammer Falls
[Per Press Association. Copyright.] CHRISTCHURCH. This Day. In a decision in the Magistrate’s Court yesterday. Mr E. C. Lewey. S.M., held that a bidder at an auction sale must always have the right to retract his bid until the hammer falls.
A civil action dealing with the procedure at country auctions was before the court. Plaintiff in the case was H. Matson and Co., stock and station agents, who proceeded against James Marshall, farmer, asking the court to decide that Marshall fulfil a bid he had made for a horse,, but which lie had later withdrawn. The magistrate, in his decision, said that, after reviewing the legal authorities submitted in argument by both Sides, he was bound to admit the legality of the previous English decision, many years old, which had never been overruled, that the provisions of the Sale of Goods Act tacitly held that the bidder must always have the right to retract his bid until the hammer falls.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19390422.2.14
Bibliographic details
Northern Advocate, 22 April 1939, Page 2
Word Count
167Bidder May Retract Till Hammer Falls Northern Advocate, 22 April 1939, Page 2
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in