What is the legal effect of an auction being with reserve?
A) The seller has the right to reject all of the bids.
B) Certain bidders have reserved bids of specified amounts in advance.
C) The bidders must be given an opportunity to inspect the items prior to the bidding.
D) Bidders must make a cash deposit in advance to show the financial ability to carry through with the purchase of any item for which they are the highest bidder.
Correct Answer:
Verified
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