Question

An advertisement to sell goods by auction is _____________.

• A. an express offer to sell goods
• B. an implied offer to sell goods
• C. a general offer to sell goods
• D. mere statement of intention to hold auction

Answer 1

The correct option is D mere statement of intention to hold auction

Option D is correct.

An auction is an invitation to offer. The parties are invited to place their bids, the highest bid is actually accepted. Fall of hammer in an auction sale amounts to acceptance. However, sometimes, a bid is accepted subject to final approval by an authority, thus there is only provisional acceptance.