BABU JAVED AHMAD, TEHSIL NAZIM versus ABDUL HAFEEZ
Sections 5 and 188 of the auction bid are in the nature of an offer that is not strictly binding on the contract unless its acceptance acts as the auctioneer's agent and if it accepts the bid. If the option is made, then the closing agreement is made at the time the bid is accepted either by word of mouth or in a more traditional way, however, the auctioneer does not have the option to accept the bid with another person or authority. Yes, the contract comes into existence only when the bid is made. Accepted by this Authorized Person If the bidder's offer acceptance is not reported to him, no definitive agreement exists until the auction sale is made by the competent authority Can not be said to be an agreement between the parties
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