Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as

Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as Correct Answer open outcry auction

Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as open outcry auction. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.

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In execution of a decree a movable property in auction sold by the executing Court. The auction purchaser deposits the entire auction price then and there even before expiry of 30 days and takes the delivery of the auctioned property. An objection complaining that the auction was conducted with material irregularity is filed within 30 days from the date of auction. State which one of the following is legally correct?