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Consider the following statements: 1. An auctioneer's announcement to sell an artifact through auction…

An auctioneer's announcement of a sale is only an invitation to offer, and each bid made is itself an offer that the auctioneer is free to accept or reject, as in Harris v.…

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Consider the following statements:
1. An auctioneer's announcement to sell an artifact through auction on a certain day is not an offer but only an invitation to offer.
2. The highest bid in an auction is merely an offer which an auctioneer may or may not accept.
Which of the statements given above is/ are correct?

Select one answer
Answer and explanation

Correct answer C

An auctioneer's announcement of a sale is only an invitation to offer, and each bid made is itself an offer that the auctioneer is free to accept or reject, as in Harris v. Nickerson, so both statements are correct.

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