sold

Past tense of sell. A word used by an auctioneer in accepting a bid as being the highest one made and completing the sale. 7 Am J2d Auct § 31. A slang expression for succumbing to trick, deception, or fraud. As used in conversation, and even by law writers, the word may signify only, that a bargain or contract to sell has been made, or that there has been such a contract, and delivery of the goods, or that such a contract has been made and completed by the payment of the price. The meaning will usually be clearly ascertained by the words used in connection with it, or by the circumstances developed. An example of the first sense would be, "if goods are sold upon condition to be performed at the time of delivery, and the goods are delivered, but the conditions are not performed," and where it is said, "the vendor has a lien for the price of goods sold." An example of the second sense is where we speak of "an action for goods sold." An example of the third is where we say, "if the purchaser neglects to remove goods sold within a reasonable time, the seller may charge him with storage." Hathaway v Burr, 21 Me 567.