AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

Under the UCC, when does a sale at auction become complete?

When the auctioneer announces completion by the fall of the hammer or other customary manner When the buyer signs a written contract When the buyer makes full payment When the seller delivers the goods to the buyer

Correct Answer:

When the auctioneer announces completion by the fall of the hammer or other customary manner

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