OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

What is the Statute of Frauds requirement for goods sold at auction under ORC Chapter 1301?

All auction sales must be in writing Sales of goods valued at $500 or more must be evidenced by a writing Only real estate sales require writing No writing is ever required for auction sales

Correct Answer:

Sales of goods valued at $500 or more must be evidenced by a writing

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