Bargain Car Auction

Bargain Car Auction

Bargain Car Auction

Introduction

There seems to be auctions everywhere. We watch them on TV and many of us use ebay regularly. Entertaining and useful, they certainly are, but have you been missing something? What's it like going to a real auction? And what about the auction with the scariest reputation of all? Yes, that's the one. We're talking about going to a car auction.

Discussion

Priceline approach is truly unique, and, back in 1998, it has indeed turned marketing buyer system upside down. Jay Walker was the innovator of "name-your-price" concept, which can be interpreted as allowing people to set up prices for products or services. The model was mainly based on shifting power into the hands of consumers and away from the companies; and, according to impressive revenues of 482 million during the first year; it [concept] really worked. The idea of the venture lay in providing solutions to various needs of customers across the globe through application of new Internet technologies. It was also intended at finding new ways of doing business.(Ritchie,2000)

Discussion

In a few situations, contracts must be in writing to be valid. State laws often require written contracts for real estate transactions or agreements that will last for more than one year. You'll need to check your state's laws to determine exactly which contracts must be in writing. But even if it's not legally required, it's always a good idea to put business agreements in writing, because oral contracts can be difficult or impossible to prove.

Let's take a closer look at the two required contract elements: agreement between the parties, and exchange of things of value.

Agreement Between the Parties

Although it may seem like stating the obvious, an essential element of a valid contract is that all parties must agree on all major issues. In real life, there are plenty of situations that blur the line between a full agreement and a preliminary discussion about the possibility of making an agreement. To help clarify these borderline cases, the law has developed some rules defining when an agreement legally exists.

Legal issues

Who's at fault?

Insurers damaged cars worked on the claims since the storm, and they take to heart the opportunity to impress their policyholders to their service capabilities. Some owners want from their insurance companies on the photo and expect that carrier to the auction company will handle the situation, but this is not how insurance works. Each carrier owner to administer the application (which usually deal with the owner of the car affected), and later decide to complain against others who might be at fault.

The objectives are clear responsibility Russo and Steele and the company is trying, and the Alcazar reports that there are multiple investigations under way. If it looks like the auction and / or company tries were at fault, auto insurers will try to recover their losses from them and their insurers. This will likely be handled quietly, at least as long as the coverage is sufficient to cover all ...