Azam, at an auction, gives the highest bid to buy Babar's goods but withdraws the bid before the fall of the auctioneer's hammer. What is the legal outcome?

Test yourself: pick an answer

• A)Azam is legally bound to purchase the goods because he made the highest bid.
• B)The offer is revoked and cannot be accepted by the auctioneer.
• C)The auctioneer can sue Azam for breach of implied contract.
• D)Azam must pay a penalty for withdrawing the bid late.