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A licensed person who is authorized to sell to the highest bidder is

Commerce
WAEC 2012

A licensed person who is authorized to sell to the highest bidder is

  • A. principal
  • B. factor
  • C. broker
  • D. auctioneer
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Correct Answer: Option D
Explanation

An auctioneer is a person who manages an auction, or a public sale at which people can bid on items. Goods are sold to the highest bidder in an auction.

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