MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

Under UCC 2-328, when does a sale at auction become complete?

When the winning bidder signs the sales contract When the auctioneer announces completion by the fall of the hammer or other customary manner When the buyer makes full payment When the item is physically delivered to the buyer

Correct Answer:

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

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