Asked by Chris Hughes on May 27, 2024

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At an auction,acceptance occurs when:

A) the auctioneer strikes the goods off to the highest bidder.
B) an auction begins.
C) a bid is placed.
D) the auctioneer calls for the last bid.

Acceptance

In contract law, an expression of agreement to the terms of an offer that results in a binding contract between the parties.

Auctioneer

A person or entity that conducts sales in which goods or property are sold to the highest bidder.

Highest Bidder

the person or entity that offers the highest price in a bidding process, such as an auction, and is typically awarded the item or contract up for bid.

  • Identify when and how acceptance occurs in different contexts, including auctions.
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CK
Cameron KnightMay 29, 2024
Final Answer :
A
Explanation :
Sellers at auctions are generally treated as making an invitation to offer.Those who bid on offered goods are,therefore,treated as making offers that the owner of the goods may accept or reject.Acceptance occurs only when the auctioneer strikes the goods off to the highest bidder.