Legal Definition and Related Resources of By-bidding
Meaning of By-bidding
Bidding on property offered for sale at auction, by or in behalf of the owner, for the mere purpose of raising the price, or inducing others to bid higher. Sometimes called “pufHng.” Bybidding by the owner, or caused by the owner, or ratified by him, has often been held to be a fraud, and avoids the sale. 8 How. (U.S.) 153.
What does By-Bidding mean in American Law?
Making phony bids at an auction in an attempt to drive up the price, usually as part of a corrupt arrangement with the owner or auctioneer.
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