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:

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