OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

Under ORC Chapter 1301, what is the 'perfect tender rule' and how does it apply to auction sales?

Buyers must tender perfect payment in exact change If goods delivered do not conform to the contract in any respect, the buyer may reject the entire delivery Sellers must provide goods in perfect condition The auctioneer must deliver goods to the buyer's home

Correct Answer:

If goods delivered do not conform to the contract in any respect, the buyer may reject the entire delivery

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