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Searching all Ugandan Acts. Comprehensive results.
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(1)In the case of sale by auction'
(a)where goods are put up for sale by auction in lots, each lot is prima facie taken to be the subject of a separate contract of sale;
(b)a sale by auction is complete when the auctioneer announces its completion by the fall of the hammer or in other customary manner, and until that announcement is made, any bidder may retract his or her bid;
(c)where a sale by auction is not notified to be subject to a right to bid on behalf of the seller, it is lawful for the seller to bid himself or herself or to employ any person to bid at that sale, or for the auctioneer knowingly to take any bid from the seller or any such person, and any sale that contravenes that rule may be treated as fraudulent by the buyer; and
(d)a sale by auction may be notified to be subject to a reserved or upset price, and a right to bid may also be reserved expressly by or on behalf of the seller.
(2)Where a right to bid is expressly reserved, but not otherwise, the seller, or any one person on his behalf, may bid at the auction.
You have the right to retract your bid at an auction before the auctioneer declares the sale complete, typically by the fall of the hammer. Each lot p...
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