What Are Power Affirmations?

The auction transaction confirmation letter means that in the auction activity, after the bidder proposes the highest bid price, the auctioneer hammers and confirms, and the auction is concluded at this time. Such a transaction shall be determined in writing.

Confirmation of auction transaction

Right!
The auction transaction confirmation letter means that in the auction activity, after the bidder proposes the highest bid price, the auctioneer hammers and confirms, and the auction is concluded at this time. Such a transaction shall be determined in writing.
Introduction
Article 52 of the Auction Law stipulates that after the auction is concluded, the buyer and the auctioneer shall sign a confirmation of the transaction. This written representation that determines the rights and obligations of the buyer and seller is the confirmation.

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