S.L. 342.1 ст. 3Receipt of articles by auctioneer.

(1) An auctioneer shall issue a signed receipt to a seller for lots received by him for sale by auction.

(2) The receipt referred in sub-regulation (1) shall contain the following information:

(a) the name, surname and address of the auctioneer and/ or the name of the company or partnership on behalf of which the auctioneer is exercising his business and the name, surname and address of the seller;

(b) a description of each lot;

(c) the reserved price, if any;

(d) the auctioneer’s fee and any storage or other fees and commissions chargeable by the auctioneer to the seller;

(e) the amount, if any, which the seller shall pay to the auctioneer if the seller retrieves the lot or if the lot is not sold;

(f) any other condition of auction which the seller and the auctioneer may agree thereon.

(3) An auctioneer may refuse to accept a lot for sale in an auction.