Show Heifer
Well-known member
- Joined
- Jan 28, 2007
- Messages
- 2,221
I'm stealing this from BW, but wanted to know everyones thoughts...
You go to an auction and purchase a lot, the auctioneer says sold, announces your number and the auction continues. After the sale you are told the lot didn't sell due to a floor price, but the ringmen, auctioneer knew nothing of the floor.
The seller will not allow you to have the lot you purchased.
Who is legally right? Who is ethically and morally right (we all know that isn't always the same)? What would YOU do if you were the buyer? What would you do if you were the seller? What would you do if you were the sale management?
You go to an auction and purchase a lot, the auctioneer says sold, announces your number and the auction continues. After the sale you are told the lot didn't sell due to a floor price, but the ringmen, auctioneer knew nothing of the floor.
The seller will not allow you to have the lot you purchased.
Who is legally right? Who is ethically and morally right (we all know that isn't always the same)? What would YOU do if you were the buyer? What would you do if you were the seller? What would you do if you were the sale management?