LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

Under Louisiana civil law, how does the concept of 'lesion beyond moiety' potentially apply to auction sales?

It prevents any auction sale from being challenged It may allow a seller of immovable property to rescind a sale if the price is less than half the fair market value It requires all auction items to be appraised before sale It only applies to government surplus auctions

Correct Answer:

It may allow a seller of immovable property to rescind a sale if the price is less than half the fair market value

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