The Contract for Purchasing Cars at the Copart Electronic Auction Sparked Controversy

Abstract

Every contract produces effects represented by the obligations imposed on its parties. Since the contract for purchasing cars via the Copart electronic auction is a bilateral binding contract, it imposes obligations on the selling party, which is the American company Copart for selling used cars via electronic auction, and on the buying party, who is the member bidding in the electronic auction and the winning bidder for the used car displayed in the auction .

Determining the obligations arising from the Copart electronic car purchase contract is a subject of great importance. This is to ensure that each party is aware of their obligations and rights, especially since the phenomenon of purchasing cars via electronic auctions is increasing and spreading in practice. This is evident through many offices participating in the Copart auction by providing the opportunity for interested buyers to do so .

The subject of our research addresses the most important effects arising from the contract of purchasing cars via the Copart electronic auction, as it represents a new pattern of electronic contracting .

To fully cover the research topic, I have divided it into two main sections. In the first section, I examined the obligations of the seller in the auction (Copart Company), and in the second, I examined the obligations of the buyer who won the auction. We concluded with a set of findings and recommendations recorded in the conclusion of the research .