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The following section is to enter opinion authorship for each opinion part (concurrences, dissents, etc.).
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'''Facts''': At an auction for a worm tub, the defendant bid 40 pounds. He then asked the auctioneer if it was worth that price, to which he received a negative answer. Defendant retracted his bid. The tub was auctioned off the next day to the defendant for 30 pounds. '''Procedural History''': Plaintiff filed action to recover the difference. '''Issue''': Was there a contract formed when the defendant bid? '''Holding''': No. '''Reasons''': The contract is formed at the end of the auction, when the hammer strikes. Before that moment, neither party is bound; either can back out.