Harry is selling his rare coin collection through Marshall Auction House. Harry will not sell the collection for less than $300,000 and has the right to withdraw the collection if the highest bid is below the $300,000 minimum. Who is the offeror in this auction?

a. Harry
b. The auctioneer
c. The people who make bids
d. a and b

Answer: c. The people who make bids

Business

You might also like to view...

A trade secret is a process, product, method of operation, or compilation of information that gives a businessperson an advantage over his or her competitors

Indicate whether the statement is true or false

Business

With reference to the language of process maps, a ________ indicates there is a decision to be made

A) parallelogram B) rectangle C) diamond D) triangle E) circle

Business