Bid
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
contracts. A bid is an offer to pay a stipulated price for an article about to be sold at auction. The bidder has a night to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer.
3 T. R. 148; Hardin’s Rep. - 181; Sugd. Vend. 29; Babington on Auct. 30, 42.
Et vide, Offer.