North Dakota Auction Laws

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When Sale of Auction Lot Final North Dakota

North Dakota Century Code Annotated Title 41. Uniform Commercial Code (Refs & Annos) Chapter 41-02. Sales Part 3. General Obligation and Construction of Contract § 41-02-45. (2-328) Sale by auction 1. In a sale by auctio...

Auctioneers in North Dakota

North Dakota Century Code Annotated Title 3. Agency Chapter 3-05. Auctioneers § 3-05-01. Authority from seller An auctioneer, in the absence of special authorization or usage to the contrary, has authority from the selle...

In Auctions Where the Seller/Seller's Agent Bids without Advance Notice, the Successful Bidder’s Right to Rescind an Auction Contract must be exercised promptly On Discovering the Facts That Permit the Bidder To Rescind the Contract

Section 41-02-45 of the North Dakota Code permits a successful bidder to evade an auction sale on the ground that the seller or his agent bid at the auction without giving notice of reserving the right to do so. However,...