Furniture auction house KL had organized an auction to sell a set of furniture made from a
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Question:
Furniture auction house KL had organized an auction to sell a set of furniture made from a rare and exotic cengal wood to the public. Zed attended the auction and placed a bid of RM50,000 for the furniture set. This was the highest price offer. The auctioneer had raised the hammer, but just then he paused and told Zed that the auction house had decided to withdraw the furniture set. Zed was not happy and decided to take action against the auction house and demanded that the furniture set be sold to him for RM50,000. Advise Zed whether his action was correct under the Contracts Act 1950 and case law.
Would the advice be different if the auctioneer told Zed that the auction house removed the furniture set after the hammer fell?
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