A secret agreement among bidders or potential bidders to manipulate the price paid for property at a 363 sale. Collusive bidding may subject the colluding parties to criminal liability.
See also 363 Auction, 363 Sale.
New Terms
A secret agreement among bidders or potential bidders to manipulate the price paid for property at a 363 sale. Collusive bidding may subject the colluding parties to criminal liability.
See also 363 Auction, 363 Sale.