Commission on post-auction sales
Language: English Series: Estates Gazette ; (9228) 18 July 1992, 117(1)Publication details: 1992Subject(s): Summary: A loophole in an auctioneer`s standard terms for commission has been highlighted in "Fairvale Ltd v Sabharwal", where the agents introduced their clients to a purchaser after the auctio where there had been no sale. The introduction brought about a sale but not within 28 days of the abortive auction and so commission was not owed to the agents.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2829-01 (Browse shelf(Opens below)) | 1 | Available | 63558-1001 |
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A loophole in an auctioneer`s standard terms for commission has been highlighted in "Fairvale Ltd v Sabharwal", where the agents introduced their clients to a purchaser after the auctio where there had been no sale. The introduction brought about a sale but not within 28 days of the abortive auction and so commission was not owed to the agents.