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Seth Was the Highest Bidder for an Antique Chest at an Auction

Question 41

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Seth was the highest bidder for an antique chest at an auction sale.There was nothing to indicate whether the auction was with or without reserve.The auctioneer withdrew the chest from the auction without accepting Seth's bid because the bid was too low.Is the auctioneer legally entitled to withdraw the chest from the sale? Explain.

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Yes.An auction is with reserve unless th...

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