Question: In an auction _ _ _ _ _ _ _ _ _ _ , the auctioneer takes bids as agent for the seller with the

In an auction

__________,

the auctioneer takes bids as agent for the seller with the understanding that no contract is formed until the seller accepts the transaction.Group of answer choiceswith reservewithout preservewithout reservewith preserve

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

You are the new Principal of an existing agency. The agency has one Sales Manager, an Administration Manager, two Property Managers and four Salespersons. There has been a huge turnover of staff over...

To help staff address the issues outlined in the case study, what kinds of policies and procedures should the agency have in place? Scenario You are the new Principal of an existing agency. The...

Please help me answer this question using the IRAC method, i have also included Chapter 7 of the textbook under the case study below to help you answer. Mini case study 2 Tammy has a large collection...

1) Identify if the following list of legislation affects the practice of real estate agents selling property at auction in NSW: Write True or Question False Anti-Discrimination Act 1977 (NSW)...

WL goods are returned to the bailor. 2.EXPIRY OF TIME When the goods are bailed for a fixed time, the contract of bailment is terminated at the expiry of the time fixed. 3 Agency Agency is a special...

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

??? goods are returned to the bailor. 2.EXPIRY OF TIME When the goods are bailed for a fixed time, the contract of bailment is terminated at the expiry of the time fixed. 3 Agency Agency is a special...

By submitting this Assessment, you are confirming that you are fit to sit, in accordance with the Assessment Regulations. INSTRUCTIONS TO CANDIDATES Type your candidate number on each page of your...

1.While an agent is travelling in the United States on sales calls, his principals - a husband and wife in partnership - die in an auto accident. He is informed of the deaths, and knowing that the...

13. What is the standard matrix representation of the following transforma- tions from R? to R?? A rotation of 5x/4 radians about the origin, a reflection across the line r =-a, a shear with factor...

The average American family of four spends $5000 per year on food prepared at home. Assuming a normal distribution with a standard deviation of $1000 and a randomly selected American family of four,...

Grove County collects property taxes levied within its boundaries and receives a 1 % fee for administering these collections on behalf of the municipalities located in the county. In the current...

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...