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 is

Respuesta :

When the item proves to be less valuable, dulcinea is liable on the bid.

A person who bids on behalf of another is personally liable for the bid. Unless the relationship is being disclosed by the person to the auctioneer. Auction is a process where goods are sold to the highest bidder. Bidder offers to pay a particular amount of money for something. Legally responsible for paying the cost of something means liable on something. Dulcinea bids on a phonograph, believing that it is worth more but it proves to be less valuable, so Dulcinea is now liable on the bid.

To learn more about liabilities visit the link- https://brainly.com/question/14921529

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