NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

Under New Hampshire law, what is the consequence of an auctioneer accepting a bid after the hammer has fallen?

It voids the entire auction It reopens bidding and invalidates the previous sale It has no legal effect — the original sale stands The auctioneer must pay the difference to the original buyer

Correct Answer:

It has no legal effect — the original sale stands

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