Auction

A public sale of land or gouds, at public outery, to the highest bidder. A sale by auetion is a sale by publie outery to the highest bidder on the spot.

Civil Code Cal. § 1792; Civil Code Dak. § 1022.

The gule by auction is that which takes place when thething is offered publicly to be sold to whoever will give the highest price. Civil Code La. art. 2601, Auction is very gencrally defined as a sale to the highest bidder, and this is the usual meaning, There may, however, be asule to the lowest bidder, as where land is sold for non-payment of taxes to whomscever will take it for the shortest term; or where a contract is offered to the one who will perform it ut the lowest price. Aud these appear fairly included in the term “auction.”

Abbott.