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LSDefine

Simple English definitions for legal terms

bidding up

Read a random definition: FDCPA

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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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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