Which of the following is true of an auction sale?
A) A sale by auction for any amount is not valid if it is made orally.
B) When an auctioneer makes and signs a memorandum of the sale, it binds only the bidder.
C) Goods can only be offered for sale without reserve.
D)There is no contract until and unless an auctioneer accepts a bidder's offer.
D
Business
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Suppose Print and Photo Center in the preceding question sold the machine for $1,000. What is the result of this disposal transaction?
a.)Loss of $44,000 b.) Gain of $1,000 c.) Loss of $1,000 d.) No gain or loss
Business
Much of the most critical communication between a company and its customers is about
A) production issues. B) quality issues. C) unique problems that may arise. D) routine matters. E) personnel issues.
Business