TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

Under Tennessee law, what advertising statement would be considered misleading for an auction?

'Auction starts at 10:00 AM' 'Everything must sell — no reserves, no minimums' (when items actually have reserve prices) 'Over 200 lots available' 'Preview available Friday from 4-7 PM'

Correct Answer:

'Everything must sell — no reserves, no minimums' (when items actually have reserve prices)

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