01-22-2008, 12:32 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by Tom Kirkham
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In Virginia, "puffing" or "by-bidding" or shenanigans by the auctioneer gives the buyer the right (both under Virginia common law and the UCC) to either void the sale or to take the item at the last good faith bid prior to the completion of the sale. But you generally have to move with dispatch if you think you've been screwed at an auction -- waiting around to see if the car depreciates would probably kill your case. (And real estate is an altogether completely different matter at that).
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