Welcome to the 1520 Perfect Dictionary

Click on any title to read the full article

Dutch auction
DUTCH AUCTION

Definition: A sale in which the price of an item is reduced until somebody offers to buy it.
______________________________________________________________________


* All nine elements would be in.


1. Purposeful and necessary to conduct type of auction.

2. Exercise is approved by the regulatory authority.

3. Reduction is very slight each time a new price is announced.

4. Effectively conducted. That is, no controversy or disagreement will arise during and after sale.

5. Timely concluded (connect to #4).

6. Offer is backed by prompt and valid payment.

7. No after-sales issue arises, especially for the buyer.

8. (Reserved.) (Final or least offer price, that will be paid in the end, will be reasonable, even if it is just One Naira (N1).)

9. Auction achieves objective(s).
_________________________

See perfect AUCTION.

See perfect DUTCH COURAGE.

See perfect READY.

1520 Products

1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way.

1520 Sex Game

1520 Puzzles

1520 Marriage Game