OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

A bidder at an Ohio auction wins a lot but claims they bid by mistake. Under Ohio law, the bid is:

Automatically void Voidable if the bidder immediately notifies the auctioneer before the hammer falls Binding regardless of circumstances Only valid if the bidder intended to bid

Correct Answer:

Voidable if the bidder immediately notifies the auctioneer before the hammer falls

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