Multiple Choice
In an auction,when can the seller reject the highest bid and not sell the item?
A) in an auction with reserve
B) in an auction without reserve
C) in both auctions with reserve and in auctions without reserve
D) in no cases, regardless of the kind of auction
E) in an auction with reservations
Correct Answer:

Verified
Correct Answer:
Verified
Q75: If Professor Johnson agrees to give up
Q76: Generally,an offer is not effective until it
Q77: Another term for "meeting of the minds"
Q78: On March 1 Susan offers to mow
Q79: A counteroffer by the offeree simultaneously reinstates
Q81: If an offeree first dispatches a rejection
Q82: The Restatement (Second)of Contracts merely requires that
Q83: Generally,a counteroffer is not effective until it
Q84: As a general rule,advertisements for the sale
Q85: Mary promises to give her car to