Which of the following is NOT a requirement for a written contract in auctioning?

A written contract in auctioning must adhere to specific criteria to be valid and enforceable. One of these criteria includes setting forth the terms and conditions for the sale, which provides clarity on what is expected from both the auctioneer and the consignor. This ensures all parties understand their obligations and the framework within which the auction operates.

Additionally, the contract typically needs to be signed by both the auctioneer and the consignor, confirming that both parties agree to the terms laid out. This signature acts as a binding agreement, which is essential for legal enforceability.

Moreover, retaining a copy of the contract for a specified period, such as two years, is important for record-keeping and can be crucial for resolving any disputes that may arise after the auction concludes. This aspect also helps in maintaining transparency and accountability in the auction process.

However, including a list of all bidders is not a standard requirement for a written contract in auctioning. While it may be beneficial for record-keeping or for the auctioneer's internal use, it does not fall within the foundational requirements of what must be contained in a written contract for it to be legally binding. Thus, this detail does not compromise the validity of the contract, making it the correct choice for what is