Multiple Choice
Which of the following is true for an auction with reserve?
A) The seller retains the right to refuse the highest bid and withdraw the goods from sale.
B) An invitation to make an offer is not allowed.
C) An auctioned item cannot be withdrawn from the auction after an offer has been made.
D) A bid cannot be withdrawn and is legally binding from the moment it is made.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: An offer to create a unilateral contract
Q43: A rejection of an offer is not
Q56: A(n)_ is an equitable doctrine whereby a
Q57: Which of the following is true for
Q59: A contract is said to be _
Q63: Alan tells Sherry that he will pay
Q64: A person who disaffirms a contract based
Q65: A unilateral contract can be accepted without
Q65: A counteroffer is considered a rejection of
Q66: A contract is a bilateral contract if