Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At a auction by a licensed auctioneer placed the reserved price has been fixed at $2000. Under the law of contract, the acutioneer is making

At a auction by a licensed auctioneer placed the reserved price has been fixed at $2000. Under the law of contract, the acutioneer is making :

1) an offer

2) an invitation to treat

I saw some answer state its an offer, but why can't it be invitation to treat since its open to all to bid starting $2000?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Law Of Torts

Authors: Joseph W. Glannon

6th Edition

1543807690, 978-1543807691

More Books

Students also viewed these Law questions

Question

1. To take in the necessary information,

Answered: 1 week ago