La Costeña Whole Black Beans
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About the Vendor
Poquito Loco
228 Highland St
Haliburton, ON
Phone: 7054559999
Description
Whole black beans spiced with onions, tomatoes, jalapenos, and spices. It comes in a 528.3ml can. Product of Mexico.
Payment
A valid credit card is required to purchase items. This credit card will be automatically processed at checkout
Tax Information
13% hst will be charged on all items.
Fulfillment
Pick up at 48 Highland St. We are in the end unit of The Silver Maple Motel.
About the Vendor
Poquito Loco
228 Highland St
Haliburton, ON
Phone: 7054559999
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Dutch Auction
In a Dutch auction the seller offers more than one identical item for sale, so that there may be more than one winning bidder. Each bidder can bid for all the items or only some of them. However, all winning bidders need to pay only the lowest qualifying (successful) bid. If there are more successful bids than items available, priority goes to bidder with the highest bid. If bidders have the same highest bid, priority goes to the bidder who submitted their bid first.
In order to beat a competing bidder, one must bid a higher price per item than that competitor, regardless of the number of items that are being bid for. Here is an example of how this might work:
The seller auctions 5 identical items.
- Bidder "A" bids for 2 items at $20 each.
- Bidder "B" bids for 4 items at $21 each.
- Bidder "C" bids for 3 items at $18 each.
The outcome of this auction would be:
- Bidder "B" wins 4 items at $20 each.
- Bidder "A" wins 1 item at $20 each.
The price is $20 because that was the lowest successful bid.
