AUCTIONEER

Legal Dictionary -> AUCTIONEER

AUCTIONEER


AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt.38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. His rights are, 1. to charge a commission for his services; 2. behas an interest in the goods sold coupled with the possession; 3. he has alien for his commissions; 4. he may sue the buyer for the purchase-money. 4. He is liable, 1. to the owner for a faithful discharge of his dutiesin the sale, and if he gives credit without authority, for the value of thegoods; 2. he is responsible for the duties due to the government; 3. he isanswerable to the purchaser when he does not disclose the name of theprincipal; 4. be may be sued when he sells the goods of a third person,after notice not to sell them. Peake's Rep. 120; 2 Kent, Com. 423, 4; 4John. Ch. R. 659; 3 Burr. R. 1921;.2 Taunt. R. 38; 1, Jac. & Walk. R. 350; 3V. & B. 57; 13 Ves. R. 472; 1 Y. & J. R. 389; 5 Barn, & Ald. 333; 1 H. Bl.81; 7 East, R. 558; 4 B. & Adolph. R. 443; 7 Taunt. 209; 3 Chit. Com. L.210; Story on Ag. Sec. 27 2 Liv. Ag. 335 Cowp. 395; 6 T. R. 642; 6 John.194; Bouv. Inst. Index, h.t.

Terms of Use | Canadian Lawyers