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Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

Art. 231

III. Bind­ing nature of bids at auc­tion

1. In gen­er­al

 

1 A bid­der is bound by his of­fer ac­cord­ing to the auc­tion terms and con­di­tions.

2 Un­less these provide oth­er­wise, he is re­leased from his ob­lig­a­tion if a high­er bid is made or if his own bid is not ac­cep­ted im­me­di­ately after the usu­al call has been made.