LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

Under Louisiana law, what happens when an auctioneer knowingly sells counterfeit goods?

The auctioneer is only liable if the buyer discovers the fraud within 30 days The auctioneer may face criminal charges, civil liability, and license revocation The auctioneer is not liable if they include an 'as-is' disclaimer Only the consignor is liable for counterfeit goods

Correct Answer:

The auctioneer may face criminal charges, civil liability, and license revocation

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