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Version 1 25.09.2012 Ref: 120925197 RULES OF AUCTION AND SALE CONDITIONS VENUE DATE & TIME : : THE HYATT HOTEL 191 OXFORD ROAD, ROSEANN TUESDAY, 16 OCTOBER 2012 12H00 AUC OR CORPORATE (PTY) LIMITED
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What is rules of auction?
Rules of auction are a set of guidelines and procedures that govern the bidding process and conduct of an auction.
Who is required to file rules of auction?
The entity or organization hosting the auction is typically required to file the rules of auction.
How to fill out rules of auction?
The rules of auction can usually be filled out by providing the necessary information related to the auction format, bidding procedures, and any other relevant details.
What is the purpose of rules of auction?
The rules of auction serve to ensure transparency, fairness, and efficiency in the auction process, and provide guidance to participants on how the auction will be conducted.
What information must be reported on rules of auction?
The rules of auction may require the reporting of important information such as auction dates, bidding increments, reserve prices, eligibility criteria for bidders, and any specific terms and conditions.
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