Glossary

A short glossary of the terms mentioned throughout the DS hub.

Auction sales

Whether a contract is concluded at an auction depends on how the selling process occurs. An auction has no statutory definition but is generally held to be a manner of selling property by bids, usually to the highest bidder, by public competition, and has a number of characteristics, including

  • a unique item or collection of items for sale
  • each bid being an offer to buy
  • the auction ending in a pre-arranged manner, such as on the fall of a hammer or the expiry of a deadline, after which bids are no longer accepted
  • the winning bidder being bound by contract to pay for the items.

Authorisation scheme

Breach of statutory duty

Cancellation provisions

Commercial communication (under the ECRs)

Conditional sales

Constitutes

Contract concluded

Contractual terms

Distance contract

Durable medium

Exemption

Information society service

Notary

Organised distance sales or sales provision scheme

Pre-contract

Pre-contract and pre-contractual

Regulated

Regulated profession

Regulations

Service provision schemes

Statutory duty

Supervisory authority

Unconditional gift

Unsolicited goods

Working days