In an Auction, a Bid Is an Offer, and Not

question 8

True/False

In an auction, a bid is an offer, and not a contract, until the auctioneer accepts the bid.

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Definitions:

Unreasonable Claim

A statement or assertion that lacks logic, evidence, or is beyond what is considered fair or sensible.

Rejecting

The act of refusing to accept, submit to, believe, or make use of something.

Customer

An individual or entity that purchases goods or services from a business.

Social Media

Digital platforms that enable users to create, share content, or participate in social networking.