(Section scheduled to be repealed on January 1, 2030) Sec. 15-5. Representations. An auctioneer or auction firm, or the licensees, agents, or employees of an auctioneer or auction firm, conducting an auction or providing an auction service shall not: (1) misrepresent a fact material to a purchaser's decision to buy at or by auction; (2) predict specific or immediate increases in the value of any item offered for sale at auction; or (3) materially misrepresent the qualities or characteristics of any item offered for sale at auction. decision to buy at or by auction; value of any item offered for sale at auction; or characteristics of any item offered for sale at auction.
‹ Prev All Illinois sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.