MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

What is the primary purpose of the auctioneer acting as a 'gratuitous bailee'?

To store items for free as a favor to friends To temporarily hold and safeguard consigned property without additional compensation beyond the auction commission To provide free appraisal services To act as an unpaid consultant

Correct Answer:

To temporarily hold and safeguard consigned property without additional compensation beyond the auction commission

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