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LSDefine

Simple English definitions for legal terms

opening the bidding

Read a random definition: decency

A quick definition of opening the bidding:

Opening the Bidding: This term refers to the start of an auction where people can bid on an item or property. In some cases, during a sheriff's sale of real property, there may be an unethical practice where the sale is set aside to accept a better offer after the sale has already concluded. This practice is also known as opening bidding.

A more thorough explanation:

Opening the bidding refers to the act of starting the auction process by making the first bid. This term is commonly used in auctions, including sheriff's sales of real property.

However, in some cases, opening the bidding can also refer to an unethical practice where a concluded sale is set aside to accept a better post-sale offer. This practice is also known as opening bidding.

During a sheriff's sale of a foreclosed property, the auctioneer starts the bidding process by announcing the opening bid. Interested buyers then make their bids until the highest bidder wins the property.

However, if the highest bidder fails to pay for the property or backs out of the sale, the auctioneer may set aside the sale and accept a better offer from another buyer. This practice is considered unethical and can lead to legal consequences.

Another example of opening the bidding is in a traditional auction where the auctioneer starts the bidding process by announcing the opening bid for an item, such as a painting or antique. Interested buyers then make their bids until the highest bidder wins the item.

These examples illustrate how opening the bidding is an essential part of the auction process, but it should be done ethically and without any manipulation or unfair practices.

opening bidding | open letter of credit

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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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