47. Auctions.

Where property is to be sold by auction the contract generally consists of particulars, describing the land to be sold, conditions stating the terms of the sale, and a memorandum of the sale which will be signed by or on behalf of the buyer at the auction itself1.

The special conditions of the contract are normally prepared by the seller's solicitor in conjunction with the auctioneer who will prepare the particulars of sale. The contract will frequently incorporate the Standard Conditions of Sale2 although many auctioneers have their own general conditions of sale and some have adopted the Common Auction