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of <h1>Auction Sales Under Sales of Goods Act, 1930: Each Lot a Separate Contract; Fake Bids Voidable by Buyer</h1> In an auction sale under the Sales of Goods Act, 1930, each lot is considered a separate contract. The sale concludes when the auctioneer announces it, allowing bidders to retract bids until then. The seller can reserve the right to bid, but if not declared, neither the seller nor their representative can bid, and any violation may be deemed fraudulent. Sales can have a reserved or upset price. If the seller uses fake bids to inflate prices, the sale is voidable at the buyer's discretion.
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