Dry Creek Cattle Co. v. Harriet Bros. Ltd. Partnership

THOMAS, Justice.

The critical issue in this case is whether Harriet Bros. Limited Partnership (Harriet Bros.), the seller of ranch properties at auction, advertised and conducted an auction with reserves or without reserves. The published auction rules stated that, in first considering bids upon eleven parcels, a minimum bid was required as to each parcel of land. If the minimum bid were received on each parcel, then those parcels would be considered sold to the highest respective bidders, subject to offering the entire ranch property as a unit. The seller then would accept the highest sale…