Texas Auctioneer License-Part 1 | Complete
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Terms in this set (66)
Does an auctioneer need a Yes AND No; if estate sale then no,
federal firearms license? consignment sale then yes
,If an auctioneer sales a firearm It must be returned to their business location
away from their business location, before transferring.
how do they transfer to buyer?
Who determines the auctioneers The court sets the fee.
fee in federal bankruptcy court?
Who must obtain a firearms Persons in the business of importing,
license? manufacturing, or dealing in firearms, or
importing or manufacturing ammunition
What is an antique? Any work of art, piece of furniture, decorative
object, or the like, created or produced in a
former period, or, according to U.S. customs
laws, 100 years before date of purchase.
, What is "provenance"? Place or source of origin; the history of
ownership.
What does "termination" of a when either party pursuant to a power
contract mean? created by agreement or law puts an end to
the contract otherwise than for its breach.
What does "cancellation" of a occurs when either party puts an end to the
contract mean? contract for breach by the other and its effect
is the same as that of "termination" except that
the cancelling party also retains any remedy
for breach of the whole contract or any
unperformed balance.
True of False. An oral contract for False. For items more than $500 a contract
a used jetski with a price of $750 must be in writing to be enforceable.
is enforceable in a court.
Questions and Correct Answers | Graded A+ |
Verified Answers | Latest Version | Brand New
Version!
Save
Terms in this set (66)
Does an auctioneer need a Yes AND No; if estate sale then no,
federal firearms license? consignment sale then yes
,If an auctioneer sales a firearm It must be returned to their business location
away from their business location, before transferring.
how do they transfer to buyer?
Who determines the auctioneers The court sets the fee.
fee in federal bankruptcy court?
Who must obtain a firearms Persons in the business of importing,
license? manufacturing, or dealing in firearms, or
importing or manufacturing ammunition
What is an antique? Any work of art, piece of furniture, decorative
object, or the like, created or produced in a
former period, or, according to U.S. customs
laws, 100 years before date of purchase.
, What is "provenance"? Place or source of origin; the history of
ownership.
What does "termination" of a when either party pursuant to a power
contract mean? created by agreement or law puts an end to
the contract otherwise than for its breach.
What does "cancellation" of a occurs when either party puts an end to the
contract mean? contract for breach by the other and its effect
is the same as that of "termination" except that
the cancelling party also retains any remedy
for breach of the whole contract or any
unperformed balance.
True of False. An oral contract for False. For items more than $500 a contract
a used jetski with a price of $750 must be in writing to be enforceable.
is enforceable in a court.
