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<blockquote data-quote="boondocks" data-source="post: 1322293" data-attributes="member: 20599"><p>Interesting write-up, thanks for sharing. Seems like even if the website owner isn't governed by the applicable act (because he gets a flat fee, not commission), it is still a conflict of interest for him to bid on the cattle he's running the auction on: in this case, he used his authority as the website owner to "un-do" the sale to himself, for whatever reason.</p><p></p><p>At a minimum, anyone running an online auction website should not be able to take advantage of the fact that is is "their" website to skew the rules of the auction in a way that an outside buyer wouldn't find predictable or reasonable. Wonder if he had disclosed in the fine print that he reserved the right to bid on animals himself, and to then withdraw his winning bid without notice (thereby "sticking" the second-highest bidder, who has been then likely relied on the fact that he didn't win that bid)...</p></blockquote><p></p>
[QUOTE="boondocks, post: 1322293, member: 20599"] Interesting write-up, thanks for sharing. Seems like even if the website owner isn't governed by the applicable act (because he gets a flat fee, not commission), it is still a conflict of interest for him to bid on the cattle he's running the auction on: in this case, he used his authority as the website owner to "un-do" the sale to himself, for whatever reason. At a minimum, anyone running an online auction website should not be able to take advantage of the fact that is is "their" website to skew the rules of the auction in a way that an outside buyer wouldn't find predictable or reasonable. Wonder if he had disclosed in the fine print that he reserved the right to bid on animals himself, and to then withdraw his winning bid without notice (thereby "sticking" the second-highest bidder, who has been then likely relied on the fact that he didn't win that bid)... [/QUOTE]
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