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Joseph
Lv 5
Joseph 發問於 Politics & GovernmentLaw & Ethics · 8 年前

Auction offer accepted by first bidder, contract breached by new bid?

If a contract is formed by acceptance of two parties, why is accepting a higher bid in an auction not considered a breach of contract between the auctioneer and the first bidder?

2 個解答

相關度
  • David S
    Lv 7
    8 年前
    最愛解答

    There is no contract until the gavel falls. That's the nature of auctions.

  • ?
    Lv 7
    8 年前

    B/c it's an auction? And there aren't 2 parties of acceptance. There is an offerer and an acceptor. They're not the same. It's the person making the offer that creates the power of acceptance.

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