Non-binding Bid Policy
Certain eChinabid auctions involve non-binding bids, for example, certain real estate auctions. Non-binding bidding does not culminate in a contract between the seller and the buyer. However, even though non-binding bids do not contractually obligate the parties, non-binding bids represent a serious expression of interest and bogus bidding is prohibited.
Non-binding real estate auctions are described in greater detail in Real Estate Rules .
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