At all such sales by auction any licensee shall at all times truly and correctly represent to the public attending the auction the actual facts in respect to the quality and manufacture of the items being offered for auction. It shall be a violation of this Chapter for any licensee hereunder to place what is popularly known in the trade as fictitious price tags on items sold at any such auction.
La. R.S. 37:3132
Representation as to quality and price
Known as the Auctioneers Licensing Law
The act spans §§ 37–37 (53 sections).
Acts 1986, No. 564, §4, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.