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The Public Auctions

Author(s): Eva Zajíčková
Subject(s): Business Economy / Management, Sociology of the arts, business, education, Socio-Economic Research
Published by: Vysoká škola evropských a regionálních studií, z. ú.
Keywords: Public auction; Voluntary auction; Involuntary auction; Auctioner; Licitator; Auction notice;

Summary/Abstract: This article is intended to provide an introduction to the general principles applicable to the public auctions (Public Auctions Act 2000). Auction is a public proceeding which aims to transfer the ownership or another right to the object of an auction. The Public Auctions Act 2000 divides the auctions into two groups – voluntary auctions and involuntary auctions. During the auction the licitator applies the subjects present in a certain place for giving the price proposals. Ownership or another right to the object of an auction is transferred to the person who made the highest price proposal.

  • Issue Year: 2007
  • Issue No: 1
  • Page Range: 114-117
  • Page Count: 4
  • Language: Czech
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