WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

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Under Wisconsin law, an auction house's liability for damage to consigned goods while in their possession is governed by:

No liability since the goods belong to the consignor Bailment law, requiring reasonable care of the property Strict liability regardless of fault Only the auctioneer's personal preference

Correct Answer:

Bailment law, requiring reasonable care of the property

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