Group6_Warranties, Liabilities, Patent, Bids, Insurance
Group6_Warranties, Liabilities, Patent, Bids, Insurance
Group6_Warranties, Liabilities, Patent, Bids, Insurance
2. Online Bidding
Online bidding sites work just like traditional auctions. For instance,
someone may be selling a pair of designer sunglasses on eBay and
starts an auction with a minimum price. Interested buyers can bid on
the item with an amount they wish to pay until one person's bid is
accepted by the seller. These sites normally require buyers to set up
accounts and may also require payment card information.
3. Sealed-Bids
Unlike the two types of bids noted above, participants in some
venues aren't privy to how much their competitors are
bidding. This is the case with sealed-bid auctions.