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    Exam 12: Formation of Contracts: Offer and Acceptance
  5. Question
    At an Auction Sale, Each Bid Is
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At an Auction Sale, Each Bid Is

Question 29

Question 29

Multiple Choice

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.

Correct Answer:

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