NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

What is the Statute of Frauds requirement for auction sales of goods?

All auction sales must be in writing regardless of amount Sales of goods valued at $500 or more must be evidenced by a writing Only real estate auctions require written contracts The Statute of Frauds does not apply to auctions

Correct Answer:

Sales of goods valued at $500 or more must be evidenced by a writing

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