Legal Question in Business Law in California
Should the UCC rules governing auctions apply to items sold on online auction sites, such as eBay? Why or why not? How can you know whether eBay�s auctions are �with reserve� or �without reserve�?
Asked on 2/02/11, 3:55 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Commercial Code section 2328 is the only UCC provision applying expressly to auctions, and it applies to eBay auctions. A bidder knows whether an eBay auction is with or without reserve by reading the terms of the listing. 99% of them are without reserve these days.
Answered on 2/08/11, 9:26 pm
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