Auction with reserve - Study guides, Class notes & Summaries

Ky Board Of Auctioneer Test Exam With 100% Correct Answers Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - answerwhen auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - answerThe auctioneer m...

LENB Test 4 contract ️legally enforceable set of promises 4 elements to a valid contract ️agreement, consideration, contractual capacity, legal object agreement ️made up of an offer made by offeror to enter a contract acceptance ️offeree accepts terms consideration ️bargained for exchange Contractual Capacity ️the legal ability to enter into a binding agreement legal object ️to be enforceable, the contract cannot be either illegal or against public policy contract l...

Ky Board of Auctioneer Test Questions With Answers Absolute Auction - ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - ANS when the auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - ANS The auctio...

To form a meeting of the minds ________________. correct answersone party must make an offer and the other must make an acceptance T/F: To form a contract, there must be a meeting of the minds. correct answersTrue In assessing the validity of a contract, the court will consider _____________________. correct answershow the parties' conduct would be interpreted by a reasonable person T/F: To validly accept an offer, a party must agree to the terms unconditionally. correct answersTrue ...

CFA LEVEL 1 QUESTIONS WITH CORRECT ANSWERS What are the 4 types of measurement scales? 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? 1. Empirical Probab...

Auctioneer Exam Questions With 100% Correct Answers 2024 Auction - answermethod of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - answerany person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for rec...

Auctioneer Exam Questions And Answers Auction - ANS method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - ANS any person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for recognition of and t...

Auctioneer Exam Questions With 100% Correct Answers 2024 Auction - answermethod of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer - answerany person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for rec...

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - Answer- C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To manage futu...

Ky Board Of Auctioneer Test Exam With 100% Correct Answers 2024