87. The seller in an auction sale employed a by-bidder or pupper who bid in behalf of the seller for the purpose of raising the auction price. The seller employed the said by-bidder or pupper without notice to the bidder. What is the possible effect of such non-notification committed by the seller to the perfected contract of sale by auction with the highest bidder? Group of answer choices
87. The seller in an auction sale employed a by-bidder or pupper who bid in behalf of the seller for the purpose of raising the auction price. The seller employed the said by-bidder or pupper without notice to the bidder. What is the possible effect of such non-notification committed by the seller to the perfected contract of sale by auction with the highest bidder? Group of answer choices
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 10MC
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87. The seller in an auction sale employed a by-bidder or pupper who bid in behalf of the seller for the purpose of raising the auction price. The seller employed the said by-bidder or pupper without notice to the bidder. What is the possible effect of such non-notification committed by the seller to the perfected contract of sale by auction with the highest bidder?
Group of answer choices
a. It makes the contract of sale rescissible.
b. It makes the contract of sale voidable.
c. It makes the contract of sale unenforceable.
d. It makes the contract of sale void.
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