Does Wisconsin law permit seller to reject highest bid if one advertises sale of real estate to the highest bidder (no written contract)?

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Does Wisconsin law permit seller to reject highest bid if one advertises sale of real estate to the highest bidder (no written contract)?

i.e., a real estate auction similar to an E-Bay auction with an unpublished reserve price.

Asked on June 6, 2009 under Real Estate Law, Wisconsin

Answers:

MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

Not sure -- it depends on what site, and what is the prevailing law -- i.e., whose state law -- inside Wisconsin, outside of Wisconsin.  It is not that simple.  What are the underlying circumstances, I don't understand. The auction may be the contract --- it depends on how it is set up.

 

Try www.attorneypages.comand look for a lawyer who deals with internet contract law or real estate contract law.  Check his or her record at the Wisconsin State Bar.


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