1975 Ed.]
Mock Auctions
[CAP. 255
1
CHAPTER 255
MOCK AUCTIONS
To prohibit certain practices relating to sales purporting to be sales by auction.
[25th April, 1975.]
1. This Ordinance may be cited as the Mock Auctions Ordinance.
Originally 28 of 1975.
Short title.
(cf. 1961 c. 47, s. 3.)
2. (1) In this Ordinance, unless the context otherwise requires-
"competitive bidding" includes any mode of sale by which prospective purchasers can compete for the purchase of articles, whether by way of increasing bids or by the offer of articles to be bid for at successively decreasing prices or otherwise;
"lot" means a lot consisting of or including one or more prescribed articles;
"prescribed article" means any article belonging to a class of article specified in the Schedule;
"sale of goods by way of competitive bidding" means any sale of goods at which the persons present, or some of them, are invited to buy articles by way of competitive bidding;
"stated", in relation to a sale of goods by way of competitive bidding, means stated by or on behalf of the person conducting the sale, by an announcement made to the persons for the time being present at the sale.
(2) For the purposes of this Ordinance-
(a) any bid stated to have been made at a sale of goods by way of competitive bidding shall be conclusively presumed to have been made, and to have been a bid of the amount stated;
(b) any reference in this Ordinance to the sale of a lot to a person who has made a bid for it includes a reference to a purported sale of it to a person stated to have bid for it, whether that person exists or not; and
(c) any thing done in or about the place where a sale of goods by way of competitive bidding is held, if done in connexion with the sale, shall be taken to be done during the course of the sale, whether it is done at the time when any articles are being sold or offered for sale by way of competitive bidding or before or after any such time.
3. (1) Any person who promotes or conducts, or assists in the promotion or conduct of, a mock auction at which one or more lots are sold or offered for sale shall be guilty of an offence and shall be liable on conviction on indictment to a fine of $20,000 and to imprisonment for 5 years.
Schedule.
Offence to promote or conduct a mock auction.
[cf. 1961 c. 47, s. 1.]
1975 Ed.]
Mock Auctions
[CAP. 255
1
CHAPTER 255
MOCK AUCTIONS
To prohibit certain practices relating to sales purporting to be sales
by auction.
[25th April, 1975.]
1. This Ordinance may be cited as the Mock Auctions Ordinance.
Originally 28 of 1975.
Short title.
(cf. 1961 c. 47, s. 3.1
2. (1) In this Ordinance, unless the context otherwise
the context otherwise Interpretation. requires- "competitive bidding" includes any mode of sale by which pro- spective purchasers can compete for the purchase of articles. whether by way of increasing bids or by the offer of articles to be bid for at successively decreasing prices or otherwise; "lot" means a lot consisting of or including one or more prescribed
articles;
"prescribed article” means any article belonging to a class of article
specified in the Schedule;
"sale of goods by way of competitive bidding" means any sale of goods at which the persons present, or some of them, are invited to buy articles by way of competitive bidding;
"stated", in relation to a sale of goods by way of competitive bidding, means stated by or on behalf of the person conducting the sale, by an announcement made to the persons for the time being present at the sale.
(2) For the purposes of this Ordinance-
(a) any bid stated to have been made at a sale of goods by way of competitive bidding shall be conclusively presumed to have been made, and to have been a bid of the amount stated;
(b) any reference in this Ordinance to the sale of a lot to a person who has made a bid for it includes a reference to a purported sale of it to a person stated to have bid for it, whether that person exists or not; and
(c) any thing done in or about the place where a sale of goods by way of competitive bidding is held, if done in connexion with the sale, shall be taken to be done during the course of the sale, whether it is done at the time when any articles are being sold or offered for sale by way of competitive bidding or before or after any such time.
3. (1) Any person who promotes or conducts, or assists in the promotion or conduct of, a mock auction at which one or more lots are sold or offered for sale shall be guilty of an offence and shall be liable on conviction on indictment to a fine of $20,000 and to imprisonment for 5 years.
Schedule.
Offence to
promote or conduct a mock auction.
[cf. 1961 c. 47, s. 1.]
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