1、Charles recently purchased some goods at an auction sale. Which of the following is correct? (1) The contract was concluded by the fall of the Auctioneer’s hammer. (2) The Auctioneer’s call for bids was an invitation to treat. (3) Once the bidding had started, the Auctioneer was unable to withdraw the goods from the sale.
Where an auction is stated to be 'without reserve' the auctioneer is offering goods for sale and the bid is the acceptance. A reserve is a specified minimum price.
