SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

What are the elements of a valid contract formed at a South Carolina auction?

Only the bidder's intention to purchase Offer (the bid), acceptance (the fall of the hammer), consideration (the bid price/item), capacity of parties, and lawful subject matter Only the auctioneer's agreement to sell A written document signed by all parties before the auction

Correct Answer:

Offer (the bid), acceptance (the fall of the hammer), consideration (the bid price/item), capacity of parties, and lawful subject matter

Access more questions from this quiz

Continue to SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions