Iowa Auction Laws
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A sharp bid is an arrangement where an unknown bidder places a bid relative to the highest bid.
In Breitbach v. Christenson, 541 N.W.2d 840 (Iowa 1995), the owner of the land located in Black Hawk County died and her will was admitted to probate with Kenneth Shannon and Carolyn Christenson appointed as executors. T...
Read moreSale accomplished when district trustees rejected all sealed bids and, without notice allowed persons present at bid opening to bid on property and sold property to highest bidder was not an ‘auction.’
In Reed v. Muscatine-Louisa Drainage Dist. No. 13, 263 N.W.2d 548, 549-51 (Iowa 1978), the District prior to selling the farm owned by them located in Louisa County, published notice of intention in papers of general cir...
Read moreWhen Sale of Auction Lot Final Iowa
Iowa Code Annotated Title XIII. Commerce [Chs. 505-554D] Subtitle 5. Regulation of Commercial Enterprises [Chs. 546-554D] Chapter 554. Uniform Commercial Code (Refs & Annos) Article 2. Sales (Refs & Annos) Part 3. Genera...
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