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LSDefine

Simple English definitions for legal terms

bidding up

Read a random definition: ultimatum

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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