SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

Under South Carolina law, what warranties may be implied in an auction sale of goods by a merchant seller?

No warranties are ever implied at auction The implied warranty of merchantability (goods are fit for ordinary use) and potentially the implied warranty of fitness for a particular purpose Only express warranties stated by the auctioneer A warranty that all items will increase in value

Correct Answer:

The implied warranty of merchantability (goods are fit for ordinary use) and potentially the implied warranty of fitness for a particular purpose

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