Examlex
In the figure, what are the processes for numbers 4, 5, and 6, respectively?
Auction
A public sale in which goods or properties are sold to the highest bidder through a competitive bidding process.
Withdrawn
Refers to the act of removing something from consideration, cancellation of a claim, statement, or participation.
Auctioneer
A person authorized to conduct auctions, overseeing the bidding process and finalizing the sale of items.
Offeree
The person or party to whom an offer is made, especially in the context of contracts.
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