WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

Under UCC Article 2 as adopted in Wisconsin, a sale by auction is complete when:

The bidder raises their hand The auctioneer announces completion by the fall of the hammer or other customary manner The buyer signs a receipt The item is physically removed from the auction site

Correct Answer:

The auctioneer announces completion by the fall of the hammer or other customary manner

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