GA Auctioneer Practice Questions - Georgia Licensed Auctioneer Exam

In an absolute auction conducted in Georgia, what is the seller's obligation regarding the highest bid?

The seller may reject any bid at their discretion The seller must accept the highest bid regardless of the amount The seller may set a secret reserve price The seller may withdraw the item at any time before the hammer falls

Correct Answer:

The seller must accept the highest bid regardless of the amount

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