When goods are sold at an auction in separate lots, each lot is considered a separate transaction.

Name: When goods are sold at an auction in separate lots, each lot is considered a separate transaction.
Brand: Quizplus
Rating: 5.0 (30 reviews)

Question

Quizplus · Accepted Answer

In an auction, when goods are sold in separate lots, each lot is treated as an individual transaction because each lot is auctioned off separately, often with its own bidding process and final sale price.

When Goods Are Sold at an Auction in Separate Lots