OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

Under ORC Chapter 1301 (Ohio's version of the UCC), when does title to goods pass at auction?

When the buyer signs a receipt When the auctioneer says 'going, going, gone' Upon the fall of the hammer or other customary manner of completion When payment is received in full

Correct Answer:

Upon the fall of the hammer or other customary manner of completion

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