Texas Auctioneer License Part 1 & 2 Newest Exam Questions And Accurate Answers Verified 100% (2023) 2024-2025

TEXAS AUCTIONEER LICENSE PART 1 & 2 NEWEST EXAM QUESTIONS AND ACCURATE ANSWERS VERIFIED 100% (2023) 2024-2025 Texas Auctioneer License-Part 1 When is the sale complete at auction? ANSWERS: when the auctioneer so announces by the fall of the hammer or in other customary manner. If a bid comes in while the hammer is falling, what can happen next? ANSWERS: The auctioneer can reopen the bidding or he can declare the item sold for the bid under which the hammer was falling. Does an auctioneer need a federal firearms license? ANSWERS: Yes AND No; if estate sale then no, consignment sale then yes What does "cancellation" of a contract mean? ANSWERS: occurs when either party puts an end to the contract for breach by the other and its effect is the same as that of "termination" except that the cancelling party alsoretains any remedy for breach of the whole contract or any unperformed balance. True of False. An oral contract for a used jetski with a price of $750 is enforceable in a court. ANSWERS: False. For items more than $500 a contract must be in writing to be enforceable. If a contract is found to have a deficiency like