When a bid is made at an auction,it can be revoked if the auctioneer has not yet accepted the bid because the auctioneer has the power of acceptance.

Name: When a bid is made at an auction,it can be revoked if the auctioneer has not yet accepted the bid because the auctioneer has the power of acceptance.
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Quizplus · Accepted Answer

The auctioneer has the power of acceptance and can choose to accept or reject a bid, so a bid can be revoked before it is accepted.

When a Bid Is Made at an Auction,it Can Be