During the disposal through auction, if a bid is accepted, how much earnest money is to be taken on the spot from the successful bidder?
A. Not less than 20% of the bid value
B. Not less than 25% of the bid value
C. Not less than 30% of the bid value
D. Not less than 35% of the bid value
Answer:B
During the disposal through auction, if a bid is accepted, how much earnest money is to be taken on the spot from the successful bidder?
A. Not less than 20% of the bid value B. Not less than 25% of the bid value C. Not less than 30% of the bid value D. Not less than 35% of the bid value