SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

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A bidder at an SC auction places a winning bid of $6,500 on a lot containing 5 items sold as a group. They later want to return 2 of the 5 items. Can they do this?

Yes, buyers can always return individual items from a lot No, a lot is sold as a complete unit, and the buyer purchased all 5 items together; partial returns are generally not permitted Only within the first hour after the auction Yes, if they return at least half the items

Correct Answer:

No, a lot is sold as a complete unit, and the buyer purchased all 5 items together; partial returns are generally not permitted

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