| Commentary

10 Sale of goods subject to a reserve

| Commentary

10 Sale of goods subject to a reserve

In the case of the sale of goods by auction, the sale may be notified to be subject to a reserve or upset price, and a right to bid may also be reserved expressly by or on behalf of the seller1. Where the sale is not notified to be subject to a right to bid on behalf of the seller, it is not lawful for the seller to bid himself or to employ any person to bid at the sale, or for the auctioneer knowingly to take any bid from

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