Multiple Choice
Which of the following statements is not generally true of an auction?
A) The call for bids is an invitation to treat
B) The bidders are offerors
C) There is no contract until the auctioneer accepts an offer on behalf of the seller
D) If there is no reserve and the auctioneer refuses to sell to the highest bidder the vendor can be sued for specific performance of the contract
Correct Answer:
Verified
Correct Answer:
Verified
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