Most auctions are held with reserve. If you place the highest bid at such an auction, and

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Most auctions are held “with reserve”. If you place the highest bid at such an auction, and if your bid is below the reserve, then you do not get the item. Is this fair? Should the law award you the item at the price you bid?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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Question Posted: Feb 12, 2020 07:32 AM

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Most auctions are held with reserve. If you place the highest bid at such an auction, and

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Business Law and the Legal Environment

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