WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

Under UCC Article 2 as applied in Wisconsin, risk of loss at an auction generally passes to the buyer when:

The buyer registers to bid The auctioneer announces completion of the sale (fall of the hammer) The buyer pays for the item The buyer removes the item from the auction site

Correct Answer:

The auctioneer announces completion of the sale (fall of the hammer)

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