In Reply to: Re: This won't be popular... posted by Mel on September 26, 2002 at 14:50:32:
The unified code has nothing whatever to do with an Auction situation, what you are saying is ill-informed and just plain wrong. You are confusing the statutory obligations of an Auction, with the "offered for sale" situation, which are completely different circumstances!
Potentially, the Seller could front up with a writ from a Federal court to the Buyer demanding payment, and the Buyer would have to make an appearance in front of the judge who issued it to explain why he failed to do so. The Buyers position is completely indefensible in an Auction situation.
Suggest you read my attached post and don't snooze when you redo "contract 101"
Eric
Tokyo*
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Follow Ups
- Because it's totally false and misleading... - gware 18:50:39 09/26/02 (2)
- In this case "Buy It Now" = "Offer For Sale" <nt> - Ross 12:35:44 09/27/02 (1)
- Ross, you are correct, it's not an Auction... - gware 21:18:32 09/27/02 (0)