CA Foundation doubt
In an auction sale, if the seller makes use of pretended bidding to raise the price, then the sale is (a) valid. (b) void. (c) voidable. (d) illegal Which option is correct and why
Asked by CA21 Jul 2024365 views
5 answers
CA · 21 Jul 2024
Thank you to all
Kishan · 21 Jul 2024
(c) voidable.. because If a seller uses pretended bidding to raise the price in an auction sale, the sale is voidable at the buyer's option. An auction sale is a public gathering where buyers bid on goods and property, and the highest bidder wins the sale.
CA · 21 Jul 2024
Can you explain
CA · 21 Jul 2024
How
Sachin · 21 Jul 2024
(C) voidable
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