Asked by Haneen Hmedat on Jun 25, 2024
Verified
Sellers at auctions are generally treated as makers of an invitation to offer.
Invitation To Offer
An indication by a party that they are open to negotiation or receiving offers, but are not making a formal offer themselves.
Auctions
are sales events where goods or services are sold to the highest bidder through a competitive bidding process.
- Comprehend how offers, invitations to offer, and bids work in the contract formation process.
Verified Answer
BK
breanna kellyJul 01, 2024
Final Answer :
True
Explanation :
Sellers at auctions are generally treated as making an invitation to offer.Those who bid on goods are,therefore,treated as making offers that the owner of the goods may accept or reject.
Learning Objectives
- Comprehend how offers, invitations to offer, and bids work in the contract formation process.