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At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.
- a)The auctioneer
- b)The bidder, X
- c)Equally on X and the auctioneer
- d)None of the above.
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
At a auction sale, X makes the highest bid for a flower vase. The auct...
Answer:
The loss will fall on the auctioneer.
Explanation:
There are certain rules and regulations that need to be followed during an auction sale. The auctioneer is responsible for the items that are being sold and needs to take reasonable care of the items until they are delivered to the buyer. In this case, the auctioneer failed to take reasonable care of the flower vase which resulted in it breaking into several pieces.
Therefore, the loss will fall on the auctioneer as they are responsible for the item until it is delivered to the buyer. The bidder, X, is not responsible for the loss as they had made the highest bid and were not in control of the item at the time of the accident.
It is important for auctioneers to take reasonable care of the items that are being sold and to ensure that they are not damaged during the sale. If any damage occurs, the auctioneer is responsible for compensating the buyer for the loss.
The loss will fall on the auctioneer.
Explanation:
There are certain rules and regulations that need to be followed during an auction sale. The auctioneer is responsible for the items that are being sold and needs to take reasonable care of the items until they are delivered to the buyer. In this case, the auctioneer failed to take reasonable care of the flower vase which resulted in it breaking into several pieces.
Therefore, the loss will fall on the auctioneer as they are responsible for the item until it is delivered to the buyer. The bidder, X, is not responsible for the loss as they had made the highest bid and were not in control of the item at the time of the accident.
It is important for auctioneers to take reasonable care of the items that are being sold and to ensure that they are not damaged during the sale. If any damage occurs, the auctioneer is responsible for compensating the buyer for the loss.
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Community Answer
At a auction sale, X makes the highest bid for a flower vase. The auct...
As it is destroyed by the mistake of auctioneer the loss will be borne by the auctioneer
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At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer?
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At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer?.
At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At a auction sale, X makes the highest bid for a flower vase. The auctioneer strikes the table with hammer on which flower vase was kept and it fell down and broke into several pieces. In this case, the loss will fall on__________.a)The auctioneerb)The bidder, Xc)Equally on X and the auctioneerd)None of the above.Correct answer is option 'A'. Can you explain this answer?.
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