Which of the Following Statements Is Not Generally True of an Auction

question 32

Multiple Choice

Which of the following statements is not generally true of an auction?

• A)The call for bids is an invitation to treat
• B)The bidders are offerors
• C)There is no contract until the auctioneer accepts an offer on behalf of the seller
• D)If there is no reserve and the auctioneer refuses to sell to the highest bidder the vendor can be sued for specific performance of the contract

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