In an auction ________,the seller is treated as making an offer to accept the highest bid.
A)for the sale of real estate
B)for the sale of personal property
C)without reserve
D)with reserve
E)per se

Question

Quizplus · Accepted Answer

In an auction without reserve,the seller is treated as making an offer to accept the highest bid.Thus,the seller must accept the highest bid.Not surprisingly,very few auctions are without reserve.

In an Auction ________,The Seller Is Treated as Making an Offer