MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

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Under the UCC, when an auction is announced as 'without reserve,' can the auctioneer withdraw the goods after bidding has started?

Yes, at any time before the hammer falls No, the goods cannot be withdrawn once bidding has started Yes, if the highest bid is below 50% of appraised value Only if all bidders consent

Correct Answer:

No, the goods cannot be withdrawn once bidding has started

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