This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At an auction sale, each bid is: A) a counteroffer to the auctioneer's offer of the merchandise. B) ... (Read 100 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Cane toad merchandise Cane toad merchandise
Adult stem cells offer hope for cell therapy to treat diseases in the future Adult stem cells offer hope for cell therapy to treat diseases in the future
THE WORLD'S BIGGEST SALE THE WORLD'S BIGGEST SALE
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
One day, I hope different colleges and universities that online degrees will offer Bachelor of Scien One day, I hope different colleges and universities that online degrees will offer Bachelor of Scien
Video: Retina

For a complete list of videos, visit our video library