It shall be unlawful:
A. to employ shills or puffers at any such auction sale or to offer or to make or to procure to be offered or made any false bid or offer any false bid to buy or pretend to buy any article sold or offered for sale;
B. to make or attempt to make any sale to any but a bona fide bidder for cash at the highest bid above the reserve price, if any, named in the inventory required by Sec. [Section] 5(c) [61-16-7C NMSA 1978] hereof;
C. to misrepresent the cost price, or trade name or quality of any article offered for sale;
D. to fail to announce in a clear audible tone as to each article offered for sale its true description as found in the inventory required by Section 5(c) hereof;
E. to fail to attach to each article sold upon its delivery a card upon which shall be legibly written its inventory description and number;
F. to make any false statement in the application for license hereunder or the inventory filed therewith;
G. to sell or attempt to sell any article or merchandise falling within the class described in Section 2 [61-16-4 NMSA 1978] hereof that has not been included in the inventory required by Section 5(c) hereof;
H. for a licensee to conduct or attempt to conduct an auction within this act [61-16-3 to 61-16-17 NMSA 1978] other than on the premises described in the application as required by Section 5(e) [61-16-7(E) NMSA 1978].
History: Laws 1941, ch. 45, § 12; 1941 Comp., § 51-1514; 1953 Comp., § 67-13-14.
ANNOTATIONSCross references. — For the penalty for employing puffers, see 61-16-1 and 61-16-2 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 7 Am. Jur. 2d Auctions and Auctioneers §§ 13 to 36, 77, 86.
Title to goods, as between purchaser from, and one who entrusted them to, auctioneer, 36 A.L.R.2d 1362.
Implied or apparent authority of agent selling personal property to make warranties, 40 A.L.R.2d 285.
Liability of auctioneer under doctrine of strict products liability, 83 A.L.R.4th 1188.
7A C.J.S. Auctions and Auctioneers §§ 8 to 17, 27.