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CIMAPRA17-BA4-1 Exam - Topic 1 Question 129 Discussion

C recently purchased some goods at an auction sale. Which of the following is correct?(i) The contract was concluded by the fall of the Auctioneer's hammer.(ii) The Auctioneer's call for bids was an invitation to treat.(iii) Once the bidding had started, the Auctioneer was unable to withdraw the goods from the sale.
B) (i) and (ii) only
A) (i) only
C) (ii) and (iii) only
D) (i), (ii) and (iii).

CIMAPRA17-BA4-1 Exam - Topic 1 Question 129 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 129
Topic #: 1
[All CIMAPRA17-BA4-1 Questions]

C recently purchased some goods at an auction sale. Which of the following is correct?

(i) The contract was concluded by the fall of the Auctioneer's hammer.

(ii) The Auctioneer's call for bids was an invitation to treat.

(iii) Once the bidding had started, the Auctioneer was unable to withdraw the goods from the sale.

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Suggested Answer: B

by Gladys at Jun 27, 2026, 04:51 AM

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Sommer
9 hours ago
So, (D) is the best choice then? All are correct?
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Augustine
6 days ago
No, once bidding starts, they can't pull it back.
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Rose
11 days ago
(iii) seems off. Auctioneer can withdraw, right?
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Sommer
16 days ago
I’m leaning towards (B). Both (i) and (ii) feel right.
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Lashaunda
21 days ago
Agreed! But (ii) makes sense too. Bids are just invites.
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Augustine
26 days ago
I think (i) is definitely correct. The hammer falls, the deal is done.
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Lashanda
1 month ago
(ii) as an invitation to treat makes sense too!
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Jordan
1 month ago
Not sure about (iii), seems a bit off to me.
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Abel
1 month ago
Wait, can the Auctioneer really withdraw items once bidding starts?
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Chantell
2 months ago
I agree, (i) is definitely correct!
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Dylan
2 months ago
The contract is indeed formed when the hammer falls.
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Nieves
2 months ago
I feel like all three statements could be true, but I need to double-check if the auctioneer can withdraw goods after bidding starts.
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Edward
2 months ago
I practiced a similar question, and I think once the bidding starts, the auctioneer can still withdraw, so (iii) might not be correct.
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Melda
2 months ago
I'm not entirely sure, but I remember that the call for bids is usually considered an invitation to treat, which makes (ii) seem right.
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Jacqueline
2 months ago
I think the contract is concluded when the hammer falls, so maybe (i) is correct.
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