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Question
At an auction for the first time, Dulcinea bids on a one-hundred-year-old Edison-brand phonograph, believing that it is worth more than the price asked. When the item proves to be less valuable, Dulcinea isa. liable on the bid.
b. not liable on the bid because Dulcinea overestimated the value of the auctioned item.
c. not liable on the bid because the auctioneer overstated the value of the auctioned item.
d. not liable on the bid because this was Dulcinea's first auction.
Answer
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