MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

What is the legal consequence of an auctioneer accepting a bid after the hammer has fallen?

No consequence; the auctioneer can always reopen bidding It may constitute breach of the contract formed with the original winning bidder The late bid automatically supersedes the original winning bid The auctioneer must hold a new auction for the item

Correct Answer:

It may constitute breach of the contract formed with the original winning bidder

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