Inch Of Candle

Inch Of Candle in United States

Inch Of Candle Definition

A mode of sale at one time in use among merchants. A notice is first given upon the exchange, or other public place, as to the time of sale. The goods to be sold are divided into lots, printed papers of which, and the conditions of sale, are published. When the sale takes place, a small piece of candle, about an inch long, is kept burning, and the last bidder, when the candle goes out, is entitled to the lot or parcel for which he bids. Wharton.

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Inch Of Candle Inch Of Candle in the Employment and Labor Portal of the American Encyclopedia of Law.
Inch Of Candle Inch Of Candle in the Personal Injury and Tort Portal of the American Encyclopedia of Law.
Inch Of Candle Inch Of Candle in the Environmental Law Portal of the American Encyclopedia of Law.

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Legal Issue for Attorneys

A mode of sale at one time in use among merchants. A notice is first given upon the exchange, or other public place, as to the time of sale. The goods to be sold are divided into lots, printed papers of which, and the conditions of sale, are published. When the sale takes place, a small piece of candle, about an inch long, is kept burning, and the last bidder, when the candle goes out, is entitled to the lot or parcel for which he bids. Wharton.

Notice

This definition of Inch Of Candle is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.


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