SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

Under the South Carolina UCC, can a seller bid on their own property at auction?

Yes, without any restrictions Only if the right to bid is reserved and clearly announced before the auction; otherwise, the winning bidder may avoid the sale Never under any circumstances Only if the property is real estate

Correct Answer:

Only if the right to bid is reserved and clearly announced before the auction; otherwise, the winning bidder may avoid the sale

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