In an ________,after the auctioneer calls for bids on an article or lot,that article or lot cannot be withdrawn unless no bid is made within a reasonable time.
A)auction with reserve
B)enforced auction
C)auction without reserve
D)entitled auction

Question

Quizplus · Accepted Answer

In an auction without reserve, once the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time. This is in contrast to an auction with reserve, where the seller may have the right to withdraw the item if the reserve price is not met.

In an ________,After the Auctioneer Calls for Bids on an Article