MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

Under Massachusetts law, what happens when an auctioneer discovers that consigned property is stolen?

The auctioneer may sell it and keep the proceeds in escrow The auctioneer must immediately stop the sale and notify law enforcement The auctioneer may sell it if the consignor signs a liability waiver The auctioneer must return it to the consignor only

Correct Answer:

The auctioneer must immediately stop the sale and notify law enforcement

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