Question
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
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Global Strategy
Authors: Mike W. Peng
5th Edition
9780357512364
