Special auctioneer - Study guides, Class notes & Summaries

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 ...

Auction Correct Answer 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 Correct Answer 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 the acceptance of offers the pu...

INDIANA AUCTIONEER LICENSURE EXAM LATEST ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS GRADED A Which of the following is required to obtain an Auction Company License to conduct auctions? A. Auctioneer B. Auction House C. Real Estate Company D. Livestock Auction Pavilion - ANSWER-C How are commissioners paid? - ANSWER-Per Diem An auctioneer who has been subjected to disciplinary sanctions may be required by the commission to pay what? - ANSWER-Cost of witness attending an...

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Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - answerwhen auctioneer may withdraw the property at any time until he or she announces the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...

Auction CORRECT ANSWER 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 CORRECT ANSWER 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 the acceptance of offers the pu...

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...

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...

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 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 100% guaranteed success. Auction - correct answer. 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 - correct answer. any person who engages or who by advertising or otherwise holds the person out...