Exam L5M3 Topic 2 Question 67 Discussion

Actual exam question for CIPS's L5M3 exam
Question #: 67
Topic #: 2
Which of the following would constitute an offer? Select TWO:

Suggested Answer: D,E Vote an answer

Offers include bids on an auction and a price proposal that is valid for 14 days. The other three options are Invitations to Treat. See p.3 for the full list of what constitutes an Invitation to Treat. The tricky thing here is that an auction is an invitation to treat but a bid on an auction is an offer. An auction is an ITT because you're encouraging people to make an offer to you. A bid on the auction is the offer (you offer to buy something at a price you propose).

by Elsa at Jul 11, 2026, 08:50 AM

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