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§ 72.62 All bids on unit basis.

27 CFR 72.62

Citation27 CFR 72.62
CorpusDaily eCFR
Displayed edition2026-09-28
Last updated2026-09-28

§ 72.62 All bids on unit basis.

All competitive bids, whether sealed or otherwise, shall be on a unit basis, i.e. if a number of forfeited automobiles are advertised for sale at the same date, hour and place, whether or not in the same notice of sale, there shall be a separate, individual bid required as to each automobile, and it shall not be permissible to accept one blanket bid to cover the entire group of cars offered for sale.