SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

What is the duty of 'reasonable care' that a South Carolina auctioneer owes to consigned items?

No duty of care exists for consigned items A duty to handle, store, and protect consigned items with reasonable care while in the auctioneer's possession, as a bailee of the goods A guarantee against all damage, including acts of nature Care only required for items over $5,000 in value

Correct Answer:

A duty to handle, store, and protect consigned items with reasonable care while in the auctioneer's possession, as a bailee of the goods

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