Auction with reserve Study guides, Class notes & Summaries

To form a meeting of the minds ________________. correct answersone party must make an offer and the other must make an acceptance T/F: To form a contract, there must be a meeting of the minds. correct answersTrue In assessing the validity of a contract, the court will consider _____________________. correct answershow the parties' conduct would be interpreted by a reasonable person T/F: To validly accept an offer, a party must agree to the terms unconditionally. correct answersTrue ...

Does an auctioneer need a federal firearms license? - Yes AND No; if estate sale then no, consignment sale then yes If an auctioneer sales a firearm away from their business location, how do they transfer to buyer? - It must be returned to their business location before transferring. Who determines the auctioneers fee in federal bankruptcy court? - The court sets the fee. Who must obtain a firearms license? - Persons in the business of importing, manufacturing, or dealing in firearms, o...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

Ky Board of Auctioneer Test questions and answers well illustrated. Absolute Auction - correct answer. After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - correct answer. when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....

In a corporate liquidation, the last to get paid is: A. Unpaid wages and taxes B. Bondholders C. Preferred stockholders D. Common stockholders D. Common stockholders All of the following are types of oil and gas direct participation programs EXCEPT: A. Balanced B. Income C. Exploratory D. Developmental A. Balanced The term "publicly traded fund" is the common name for a(n): A. open end management company B. closed end management company C. fixed unit investme...

2024 SIE Exam - Complete Solutions (Answered) An investor purchased 100 units of the Connecticut Municipal Securities Trust. Which of the following statements concerning this investment in the UIT is accurate? A The shares must be liquidated in the open market and offer reinvestment provisions back into the trust B The shares are redeemable and offer reinvestment provisions back into the trust C The shares are redeemable but do not offer reinvestment provisions back into the trust D The shares...

Views of globalization (Chp 1.4) 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking Location specific advantage = Abundance of strong market demand a...

GOVT 404 QUIZ 2023 LATEST UPDATE LIBERTY UNIVERSITY Score for this quiz: 80 out of 110 * Submitted Jan 24 at 10:03am This attempt took 30 minutes. George loses his watch someplace in the large office building where he works. He posts an sign in the lobby that says: "Help! I lost my watch! It is gold and says "George" on the back. I promise to pay $400 to the first person who finds my watch and returns it to me." Donna, reads the sign, starts looking for the watch, and finds the watch...

Aceable Agent - Principles of Real Estate II Exam Notes 100% Verified TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - answerFormulas to calculate commission? PRINCIPAL - answerWhat is the term that describes the money that is lent? CASH TO CLOSE - answerDown payment minus earnest money? TOTAL SALES PRICE - answerLoan payment + loan principal? ORIGINATION POINTS - answerLoan points/fees charged 1% to compensate loan officers for underwriting and administering...