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Internet Auctions
Your Legal Obligations
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Federal laws prohibit deceptive or
misleading acts in commerce, including Internet auctions. You are
required to advertise your product or service and the terms of the
sale honestly and accurately. |
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Sellers are prohibited from placing
"shill" bids or false testimonials. Some sellers
improperly create a fake identity and bid on their own auctions to
drive up the offers. Likewise, some sellers place glowing
testimonials about themselves in the comment section of Internet
auction sites. These practices are not only unethical, they're also
fraudulent. |
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Sellers are prohibited from offering
illegal goods through Internet auctions. While many auction sites
monitor their sites and attempt to delete illegal items, the
ultimate responsibility for ensuring that a sale is legal rests with
the seller and buyer. Some auction sites post a list of prohibited
items as a guide. |
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After the auction closes, sellers are
required to ship the merchandise within the time frame designated
during the auction or, if no time frame is specified, within 30
days. If you can't meet the shipping commitment, you must give the
buyer an opportunity to cancel the order for a full refund or agree
to the new shipping date |
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