System and method for conducting electronic commerce
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Jul 8, 2008
Grant Date -
Dec 8, 2005
app pub date -
Jun 4, 2004
filing date -
Jun 4, 2004
priority date (Note) -
In Force
status (Latency Note)
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Abstract
An electronic person-to-person double auction-like system that facilitates trade in many differs sorts of item via the World Wide Web or similar such interface. A plurality of sellers can post details of items for sale, including a minimum bid amount and buy price for each. A buyer can create a bid basket comprising bids in respect of a plurality of heterogeneous items available for sale, together with bid-withdrawal rules defining circumstances in which respective bid(s) are to be withdrawn. Bids are binding unless withdrawn. The auction for any item continues until a buyer posts the buy price therefor or the seller accepts a bid posted therefor.
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