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LSDefine

Simple English definitions for legal terms

bidding up

Read a random definition: but so insane as not to be responsible

A quick definition of bidding up:

Bidding up is when people try to buy something at an auction by making higher and higher bids. This is okay if everyone is doing it fairly, but it's not okay if people are working together to make the price go up. This is called colluding and it's against the law. Sometimes, when a company gets a job to build something, they try to save money by finding someone else to do part of the work for less money. This is called bid-shopping and it's not fair to the person who originally bid on the job.

A more thorough explanation:

Definition: Bidding up is the act of raising the price of an auction item by making a series of progressively higher bids. However, it is considered unlawful if the bids are made collusively by people with an interest in raising the bids.

Example: During an auction, a bidder may start with a low bid, and then another bidder may raise the bid. This process continues until the highest bidder wins the item. However, if two bidders collude to raise the price, it is considered illegal.

Explanation: Bidding up is a common practice in auctions, where bidders compete to win an item. However, if bidders collude to raise the price, it is considered illegal because it is unfair to other bidders. The example illustrates how bidding up works in an auction and how it can be illegal if done collusively.

bicameral | bid wanted

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just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
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