At an auction, Benny bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need more repairs than Benny estimated, and thus is worth less as is, Benny is.

The correct answer is letter "A": still liable on the bid.

Explanation:

Auctions are sales events where goods are offered at a certain price -called the base price- but the final buyer will be the individual who bids the highest for the item. Once a bid is placed, the bidder is liable for the payment and commissions for the transaction in the auction even if the good purchased is eventually not what was expected.

Prior to the item is sold, the bidder has the right to retract. After the article is sold, the bidder becomes the buyer and is fully liable for his or her new property.

answer; standing committee;