Auction with reserve - Study guides, Class notes & Summaries

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _______ Is the value of an activity or asset. Gene...

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the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 auction...

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction - CORRECT ANSWER After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - CORRECT ANSWER when auctioneer may withdraw the property at any time until he or she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 ...

Absolute Auction correct answers also known as a no-reserve auction, it is an auction in which there is no reserve or restriction on price. Goods cannot be withdrawn once bidding is opened UNLESS no bid is made within a reasonable time. Reserve Auction correct answers an auction in which a seller reserves the right to accept or reject the highest bid within a predetermined time. ALL AUCTIONS ARE WITH RESERVE UNLESS OTHERWISE STATED. Auctioneers can withdraw goods at any time until the complet...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? PRINCIPAL - correct answer -What is the term that describes the money that is lent? CASH TO CLOSE - correct answer -Down payment minus earnest money? TOTAL SALES PRICE - correct answer -Loan payment + loan principal? ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...

In what market do auction houses mainly operate, primary or secondary? correct answers secondary What is a lot? correct answers an object or group of objects for sale as one unit. What is an estimated price? correct answers estimated by auction house before the sale. low & high What is a minimum bid? correct answers "opening bid". The bid that starts the auction. Who decides on the bid increment? correct answers Auctioneer What is chandelier bidding? correct answers "fake" bid...

Cfa level 1 complete question and answers already passed 2024 Private value auctions - correct answer Value is subjective and different to each bidder Ascending price (English) auction - correct answer Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount Sealed bid auction - correct answer Each bidder submits one bid, which is unknown to the other bidders and the bidder with the highest bid wins the it...

When the terms of an agreement are declared by the parties, an ______________ has been made. correct answers Express Contract An expression by 2 or more persons of a common intention to create a legal expression is an ___________. correct answers Agreement A _________ is an agreement that creates an obligation between 2 or more parties. correct answers Contract Authority given to an agent may be ___________ or __________. correct answers Expressed, Implied A principal or agent may te...

Absolute Auction correct answersAfter 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 correct answerswhen 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 correct answersThe auctioneer may withdraw the goods at any time unti...