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Author Question: At an auction sale, each bid is: A) a counteroffer to the auctioneer's offer of the merchandise. B) ... (Read 54 times)

audragclark

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on: Jun 24, 2018
At an auction sale, each bid is:
 A) a counteroffer to the auctioneer's offer of the merchandise.
 B) an acceptance of the auctioneer's offer.
 C) an invitation to negotiate.
 D) an offer.

Question 2

In an auction __________, the auctioneer takes bids as agent for the seller with the understanding that no contract is formed until the seller accepts the transaction.
 A) without reserve
 B) with reserve
 C) without preserve
 D) with preserve


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stanleka1

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


audragclark

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

kthug

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Reply 3 on: Yesterday
Excellent

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