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LSDefine

Simple English definitions for legal terms

opening the bidding

Read a random definition: lex Cincia

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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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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