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Sales by Auction, Unless Expressly Exempted, are Within Statute Of Frauds
The Suit in Couture v. Lowery, 122 Vt. 239, 168 A.2d 295 (1961) was of equity by purchaser at auction for specific performance to compel conveyance of land by the owners. The Chancery Court entered a decree of specific performance and the owners appealed. The Supreme Court stated that, “[p]resent-day authorities universally agree that sales by auction, unless expressly exempted, are...
When Sale of Auction Lot Final Vermont
Vermont Statutes Title 9A. Uniform Commercial Code Article 2. Sales Current through 2013 Legislative Session § 2-328. Sale by auction (1) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. (2) A sale by auction is complete when the auctioneer so announces by the fall of the hammer or in other customary manne...
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