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28 August, 02:20

You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.

True / False.

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  1. 28 August, 03:41
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    The answer in this case would be True.

    Explanation:

    In this case, the auctioneer has not made any special announcement regarding the sale or especially, has not announced the official conclusion of the sale. Since, the auctioneer hasn't officially signaled the end or conclusion of the sale, it technically implies that the auction or sale of the concerned product or item is still operational and anyone can offer a value to bid for the product or item. Therefore, based on the general rule or regulation of any official public auction, the bidder can officially withdraw his bid and let it pass to other bidders before the final and official conclusion of the sale as per the indication of the auctioneer.
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