NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

Under NH law, what happens if an auctioneer fails to disclose a known material defect in an item being sold?

Nothing, because all auction sales are 'as is' The auctioneer may be liable for fraud or misrepresentation The buyer must accept the item regardless Only the seller is liable

Correct Answer:

The auctioneer may be liable for fraud or misrepresentation

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