At an Auction, a Call for Bids Is

question 71

Multiple Choice

At an auction, a call for bids is:

• A)An offer by the person calling for bids to sell the item being auctioned.
• B)An invitation to treat by the person calling for bids.
• C)A conditional agreement between the bidders and the person calling for bids where the condition precedent is that the offeree must win the bid.
• D)An acceptance by the person calling for bids of the offers by the bidders.

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Definitions:

Meiosis

A type of cell division that reduces the chromosomal number by half, leading to the production of gametes in sexually reproducing organisms.

Diploid

An organism or cell having two sets of chromosomes or twice the haploid number, characteristic of most adult forms.

Haploid

A cell or organism having a single set of chromosomes, typically half the normal diploid number, characteristic of gametes.

Cell

The basic structural, functional, and biological unit of all known living organisms, a small compartment enclosed by a membrane that contains the organism's genetic material and the biochemical structures needed to sustain life.