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Consider the following statements 1 An auctioneer's announcement to sell an...

This question belongs to Law Indian Contract Act
Indian Contract Act
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Consider the following statements:
1. An auctioneer's announcement to sell an artifact through auction on a certain day is not an offer but only an invitation to offer.
2. The highest bid in an auction is merely an offer which an auctioneer mayor may not accept.
Which of the statements given above is/are correct?

Answer & Solution
Correct Answer: Option C
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