The Master's thesis examines the obligation to conclude a contract at an auction. The thesis mainly focuses on voluntary auctions, since these are not properly set by Slovenian law. The discussion centres on the auction notice. There are two main questions that this thesis focuses on. The first one is the interpretation of the article 623 of the Obligations Code. The second one is whether there is an obligation to conclude a contract at a voluntary auction after the notice has been given. The Master thesis establishes that the answer to this question is not adequately stipulated in the Slovenian law. The consequence of that is that there is uneven interpretation of the duties the parties have when an auction is held.
In the beginning of the thesis the author gives theoretical basis on the subject. Further on, the specific types of an auction are presented. The last segment focuses on the problem given in the beginning, the interpretation of the article 623 of the Obligations Code and whether there is an obligation to conclude a contract with the best auctioneer.
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