Refusal of specific performance plaintiff
Querist :
Anonymous
(Querist) 20 October 2011
This query is : Resolved
a property is put up to auction.b request attorney of c to bid for him.c does this inadvertently and in good faith.the person persent,seeing the venders attoreney bidding,think that he is mere puffer and cease to compete.the lot is knocked down to b at a low price.specific performance is refused to b.
i want to know what does puffer means in law.
why should specific performance be refused to b.
kuldeep kumar
(Expert) 20 October 2011
Puffer is an auction related term. It refers to a person appointed by the seller to bid on property, solely for the purpose of stimulating genuine buyers at an auction sale. A puffer attends an auction by arrangement with the vendor to bid and raise the price.
For centuries, the propriety of undisclosed agents bidding at auction on behalf of sellers has been a matter of dispute. These undisclosed agents have been known over the years by colorful nicknames such as "puffers," "by-bidders," "cappers," "decoy ducks," and "white bonnets." Puffers lack an intention to purchase when they bid. They bid to stimulate higher bidding by others attending the auction. The United States Supreme Court has desc
