Without considering the reasons why or why not as I am sure there will be lots of opinions on it...
Would it be acceptable to bid at an auction by stating "The reserve amount" as your bid? Would it have to be accepted? What obligations does the auctioneer have, if any, to declare publicly the reserve if asked?
*EDIT* Spelling in title for all you eagle-eyed individuals
Would it be acceptable to bid at an auction by stating "The reserve amount" as your bid? Would it have to be accepted? What obligations does the auctioneer have, if any, to declare publicly the reserve if asked?
*EDIT* Spelling in title for all you eagle-eyed individuals
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