True or False: The asking bid is chanted by the auctioneer who reserves the right to settle any disputed bid.

The statement is accurate because the asking bid is indeed chanted by the auctioneer, who plays a crucial role in managing the bidding process. The auctioneer is responsible for clearly articulating the bids and facilitating the auction. Additionally, the auctioneer has the authority to resolve any disputes that may arise regarding the bids. This authority is essential to maintain the integrity of the auction and ensures that all participants have a fair and transparent experience.

While it is true that the asking bid is called by the auctioneer, the ability to settle disputes is a standard part of their responsibilities, regardless of the auction type. This practice helps ensure that any confusion or disagreement among bidders can be addressed promptly and fairly, allowing the auction to proceed without unnecessary interruptions.

Other responses suggest limitations or conditions that may not align with the fundamental role of the auctioneer in handling disputes. The auctioneer's capacity to manage bidding and resolve issues is not restricted to particular situations or types of auctions; it is a general and essential function in the auction process.