Highest Bidder
Defined in 1 dictionary — Bouvier (1839)
A Law Dictionary, Adapted to the Constitution and Laws of the United States
John Bouvier · 1839
contracts, he who, at an auction, offers the The highest bidder is entitled to have the article sold at his bid, provided there has been no unfairness on his part. A distinction has been made between the highest and the best bidder. In judicial sales, where the highest bidder is unable to pay, it is said the sheriff may offer the property to the next highest, who will pay, and he is considered the best bidder. 1 Dall. R. 419.