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Highest bidder

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.07 sec.

HIGHEST BIDDER, contracts. He who, at an auction, offers the greatest price for the property sold.
     2. The highest bidder is entitled to have the article sold at his bid, provided there has been no unfairness on his part. A distinction has been made between the highest and the best bidder. In judicial sales, where the highest bidder is unable to pay, it is said the sheriff may offer the property to the next highest, who will pay, and he is considered the highest best bidder. 1 Dall. R. 419.
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? References in periodicals archive
Leslie Dick's suit, meanwhile, alleges that it was actually the highest bidder with a final bid of $1.
Solow revives GM Building lawsuit by Geiger, Daniel / Real Estate Weekly
Finally, Villaraigosa must make sure that City Hall is not for sale to the highest bidder.
Don't stumble, Tony! by Hutchinson, Earl Ofari / Los Angeles Business Journal
A politically connected towing firm's contract allows it to buy all unclaimed cars for scrap prices; then it auctions them to the highest bidder.
After the city of Chicago towed Adrienne Leonard's 2001 Kia Sephia, ... by Oliver, Charles / Reason
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