Without Reserve
Defined in 4 dictionaries — Cyclopedic (1922), Bouvier (1914), Black's (1910), Bouvier (1839)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
These words are frequently used in conditions of sale at public auction, that the property offered, or to be offered, for sale, will be sold without reserve. When a property is advertised to be sold without reserve, if a puffer be employed to bid, and actually bid at the sale, the drawn by the vendor's want of faith. 5 Madd. 34. See "Puffer."
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
These words are frequently used in conditions of sale at public auction, that the property offered, or to be offered, for sale, will be sold without reserve. When a property is advertised to be sold without reserve, if a puffer be employed to bid, and actually bid at the sale, the courts by the vendor’s want of faith; 5 Madd. 34. See Puffeb; Auction.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Law Dictionary, Adapted to the Constitution and Laws of the United States
John Bouvier · 1839
contracts. These words are frequently used in conditions of sale at public auction, that the property offered, or to be offered for sale will be sold without reserve. When a property is advertised to be sold without reserve, if a puffer be employed to bid, and actually bid at the sale, the courts will not enforce a contract against a purchaser into which he may have been drawn by the vendor’s want of faith. 5 Mad. R. 34. Vide Puffer.