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Simple English definitions for legal terms

absolute auction

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A quick definition of absolute auction:

An absolute auction is a type of auction where the property being sold will go to the highest bidder, without any minimum price or limit on bidding. The owner cannot withdraw the property after the first bid, reject any bids, or outbid other bidders. This means that each higher bid creates a contract, with the highest bid being the winner. In contrast, a reserve auction has a minimum price that must be met before the property can be sold. A Dutch auction is a type of auction where the price starts high and gradually decreases until the property is sold, while a knock-out auction is when bidders agree not to bid against each other.

A more thorough explanation:

An absolute auction is a type of auction where the property being sold will be sold to the highest bidder, without any minimum price limit. The owner cannot withdraw the property after the first bid is received, reject any bids, or outbid other bidders. This means that the highest bid creates an enforceable agreement between the owner and the bidder.

For example, if a painting is being sold at an absolute auction, the bidding will start at $0 and the highest bidder will win the painting. The owner cannot set a minimum price or reject any bids.

On the other hand, a "auction with reserve" is an auction where the property will not be sold unless the highest bid exceeds a minimum price set by the owner.

Another type of auction is a Dutch auction, where the property is initially offered at an excessive price that is gradually lowered until the property is sold. This type of auction is often used for securities, where shareholders indicate how many shares they will sell and at what price, and the corporation buys however many shares it wants at the lowest prices offered.

Overall, an absolute auction is a type of auction where the highest bidder wins the property being sold, without any minimum price limit or the ability for the owner to reject bids.

absolute assignment | absolute divorce

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awe hi love quinn
14:51
hiii :3
lol me too unless they're cute lol oopssssieee
14:52
so real
and obvi i always look cute at the gym. love a matching set !!
where do we get our matching sets that don't cost an arm, leg, and ovary
fr like why are you asking for 100 dollars per item
and the opposite end of the spectrum is that any sweat makes it look like you pissed ur pants
im only cute at pilates when i go to the gym im wearing the same nike shorts ive had since 7th grade and whatever old t shirt my dad gave me
Mostlylegal
14:55
??? what sweatpants do you wear, also i know lulu is expensive but their stuff lasts forever
oh i hate working out in sweats, shorts or leggings or bust
not the Loyola not Chicago decision
Mostlylegal
14:56
unfortunately cant wear leggings anymore the front desk wasnt to happy bout it
(close ur eyes lily)
fr like im actually over it like what is this hell they put me in im so done
how do you work out in sweats
id be melting
also if you dont want men to stare at you at the gym, orangetheory is like 70% women
maybe I'll find an orangetheory. I did spin for ages and that was the girls or the gays, especially if u went to the themed nights
oh there's one fr like three blocks from my house
15:03
THEMED SPIN NIGHTS with girls and gays duude id fuckin be there every day
15:04
what was one of the themes
15:04
lady gaga kesha night at spin ughhhh i wish
female rappers, so megan thee and doja and nicki and flo milli. vibes/10
also they had y2k nights, taylor swift (IF UR INTO THAT), a lot of the time they would do album release nights. so like a week after an album there would be a dedicated spin sesh
15:06
tht sounds so fun omg
15:07
i need a hobby when ppl ask u guys what u do for fun do u know what to say like
15:08
i enjoy watchig reels
I do enjoy watercolor painting, but I believe language used on my resume was "Watercolor painting, reading general fiction novels, digital architecture and interior design, travel"
i knit, read, do solidcore, sew, bike, and im in a mahjong league
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