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When Goods Are Sold at an Auction in Separate Lots

Question 45

Multiple Choice

When goods are sold at an auction in separate lots, the title to each lot passes:


A) when the winning bidder tenders payment for the lot.
B) when the lot is received by the winning bidder.
C) only when all lots have been sold.
D) when the auctioneer announces that the lot in question has been sold to the bidder.

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