Illinois Auction Laws
19 laws
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A Handbill on which an Auctioneer Places the Bidder's Name as a Notation of who was the Highest Bidder for the Real Estate Cannot be Considered Written Agreement to Satisfy the Statute of Fraud Requirements
The Appellate Court of Illinois, Fifth District , in Sims v. Broughton, 225 Ill. App. 3d 1076 (Ill. App. Ct. 5th Dist. 1992) held that a document that does not refer to the sale agreement and that merely places a bidder’...
Read moreArt Auction House Act
Illinois Compiled Statutes Regulation Chapter 225. Professions and Occupations Service and Sales Act 405. Art Auction House Act Current through P.A. 98-0604 (2013-2014) § 225 ILCS 405/0.01. Short title This Act may be ci...
Read moreAuction of Real Estate by Park District
Illinois Compiled Statutes Government Chapter 70. Special Districts Park Act 1205. Park District Code Article 10. Powers (Continued) Sales and Conveyance of Real Estate Current through P.A. 98-0604 (2013-2014) § 70 ILCS...
Read moreBuyer can Cancel Auction Sale of an Automobile if Seller does not Deliver Certificate of Title Within Reasonable Time
In Clay v. Harris, 228 Ill. App. 3d 475, 592 N.E.2d 1154 (1992), the Fourth District Appellate Court of Illinois held that a buyer in an auction sale could rescind the sale if the seller does not deliver certificate of t...
Read moreEnforcement of Warehouse Lien by Auction
Illinois Compiled Statutes Business Chapter 810. Commercial Code Act 5. Uniform Commercial Code Article 7. Documents of Title Part 2. Warehouse Receipts: Special Provisions Current through P.A. 98-0604 (2013-2014) § 810...
Read moreFire District Sale or Personal or Real Estate
Illinois Compiled Statutes Government Chapter 70. Special Districts Fire Protection Act 705. Fire Protection District Act Current through P.A. 98-0604 (2013-2014) § 70 ILCS 705/10a. Sale or exchange of property (a) The b...
Read moreIllinois Administrative Code Provisions Relating to Salvaged Alcoholic Liquor Auction
Administrative regulation in Illinois on sale of alcoholic liquors by auction. Illinois Administrative Code Title 11. ALCOHOL, HORSE RACING, AND LOTTERY Part 100. THE ILLINOIS LIQUOR CONTROL COMMISSION § 100.150. Salvage...
Read moreIllinois Administrative Code on CPO-GS Authorized Reverse Auctions in Illinois
Administrative provision on CPO-GS Authorized Reverse Auctions in Illinois is detailed below: Illinois Administrative Code Title 44. GOVERNMENT CONTRACTS, PROCUREMENTAND PROPERTY MANAGEMENT Part 1. CHIEF PROCUREMENT OFFI...
Read moreIllinois Auction Sales Sign Act
West's Smith-Hurd Illinois Compiled Statutes Annotated Chapter 815. Business Transactions Sales Act 303. Auction Sales Sign Act 303/0.01. Short title § 0.01. Short title. This Act may be cited as the Auction Sales Sign A...
Read moreIllinois Chief Procurement Officer May Procure Supplies or Services of Sources Through a Competitive Electronic Auction
Administrative regulations adopted in Illinois relating to electronic auction for procurement of supplies and services of sources by Chief Procurement Officer Illinois Administrative Code Title 44. GOVERNMENT CONTRACTS,...
Read moreIllinois Municipalities Cannot Mandate Internet Auction Listing Service to Collect and Remit Taxes on Resold Tickets
In City of Chicago v. StubHub, Inc., 979 N.E.2d 844, the Supreme Court of Illinois discussed whether or not municipalities (such as the Appellant City of Chicago in this case) could ask electronic intermediaries (such as...
Read moreIn Auction Sales Using Internet Auction Websites, Seller of an Item is not Subject to Specific Jurisdiction in the Buyer’s State of Residence Without Further Ties to that State
In MacNeil v. Trambert, 401 Ill. App. 3d 1077 (Ill. App. Ct. 2010), the Illinois Appellate Court discussed jurisdictional questions relating to sellers involved in internet auction sales. The court held that, when a sell...
Read moreInternet Listing Service Administrative Rules
Illinois Internet Listing Service Administrative Rules. SUBPART D: INTERNET AUCTION LISTING SERVICE Section 1440.400 Definitions Section 1440.410 Registration Section 1440.420 Expiration of Registration Section 1440.430...
Read moreMunicipality Sale of Surplus Real Estate
Illinois Compiled Statutes Government Chapter 65. Municipalities Act 5. Illinois Municipal Code Article 11. Corporate Powers and Functions Public Health, Safety and Welfare Police Protection and Public Order Division 76....
Read moreNon-Resident Auction Fur Buyers Requires Permit
Illinois Compiled Statutes Agriculture and Conservation Chapter 520. Act 5. Wildlife Code Current through P.A. 98-0604 (2013-2014) § 520 ILCS 5/3.16a. Non-resident Auction Participation Permit; Fee Any individual who is...
Read moreRights Under an Auction Sale Contract are Enforceable Absent a Conclusive Settlement Agreement Between Parties
The Fourth District Appellate Court of Illinois in Kruse v. Kuntz, 288 Ill. App. 3d 431 (Ill. App. Ct. 1996) held that an auctioneer could recover the bid amount from a bidder based on an auction contract if the settleme...
Read moreSurplus State Property Sold by Auction
Illinois Compiled Statutes Government Chapter 30. Finance Public Property Act 605. State Property Control Act Current through P.A. 98-0604 (2013-2014) § 30 ILCS 605/7.1. Surplus real property (a) Except as otherwise prov...
Read moreTask Force Relating to Precious Metals and Jewelry
Illinois Compiled Statutes Regulation Chapter 205. Financial Regulation Act 510. Pawnbroker Regulation Act Current through P.A. 98-0604 (2013-2014) § 205 ILCS 510/20. [Section scheduled to be repealed effective 12/31/201...
Read moreWhen Sale of Auction Lot Final Illinois
Smith-Hurd Illinois Compiled Statutes Annotated Chapter 810. Commercial Code Act 5. Uniform Commercial Code (Refs & Annos) Article 2. Sales (Refs & Annos) Part 3. General Obligation and Construction of Contract (Refs & A...
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