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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Company law
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Legal Theory of Auction (Hardcover)
Loot Price: R4,017
Discovery Miles 40 170
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Legal Theory of Auction (Hardcover)
Expected to ship within 12 - 17 working days
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The widespread understanding of auction structure considers auction
as consisting of three contracts: contract between the seller and
the auctioneer, contract between the auctioneer and the buyer and
the sale contract between the seller and the buyer. The book
challenges this concept, arguing that the traditional tripartite
concept of auction is too narrow and does not correspond to the
actual structure of auction relations. Demonstrating that an
auction structure consists of a plethora of legal relationships,
including noncontractual relations, this book explores the legal
concept of auction sale and the structure of accompanying
relations. The book provides a historical overview of auctions and
different auction models. Following a brief introduction to the
economic theory, auction models are examined against the following
legal criteria: price formation, publicity, parties' autonomy,
legal form and applied technology to find a legal concept and
nature of auction. The book explores the legal position of key
auction figures and auction objects to identify the categories of
legal relations that appear at auction. It explores the legal
nature of the main contract, as well as the relations between the
consignor and the auctioneer, the auctioneer and the bidders, the
bidders themselves, the consignor and the bidders. The book covers
relations arising from droit de suite, financial and bidding
agreements to provide a comprehensive overview of lesserknown legal
relations that commonly arise in auction practice.
General
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