Which of the Following Is NOT a Correct Statement About

Which of the following is NOT a correct statement about an auctioneer?

A) An auctioneer is an agent of the vendor but after the fall of the hammer becomes an agent of the purchaser.
B) An auctioneer owes a duty to the vendor to accept the highest bid.
C) An auctioneer is accountable to the vendor for the collection of the purchase price.
D) An auctioneer can sue for the purchase price in their own name.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free