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California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 9 — Agency, Chapter 2 — Particular Agencies, Article 1 — Auctioneers, Section 2363

An auctioneer has authority from a bidder at the auction, as well as from the seller, to bind both by a memorandum of the contract, as prescribed in the Title on Sale.

Notes

Allows an auctioneer to bind both the seller and a bidder at an auction through the contract memorandum prescribed by the law governing sales. The auctioneer’s authority comes from both sides for that memorandum, permitting the auctioneer to memorialize the auction contract in the prescribed manner for seller and bidder alike.

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Lexinter.net | California Code, Civil Code - CIV § 2363 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-9/chapter-2/article-1/section-2363

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