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WAEC Commerce 2012 Question 16

Question 16

Wholesale Trade

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

  1. A.principal.
  2. B.factor.
  3. C.broker.
  4. D.auctioneer.
Show the answer and explanation

Answer: D (auctioneer.)

Explanation

An auctioneer sells goods to the highest bidder.