True or False: The seller can bid on their own goods without prior notice.

In the context of auctions, it is important to maintain transparency and fairness throughout the bidding process. Sellers are typically prohibited from bidding on their own items without prior notice to ensure that all bidders have a fair chance and are aware of any potential influence on the auction proceedings. This prohibition helps uphold the integrity of the auction process, allowing bidders to feel confident that the auction is competitive and that their bids are not being undermined by the seller's actions.

By requiring prior notice for a seller to bid on their own goods, the auctioneer ensures that all participants in the auction are operating under the same rules and have the same information, leading to a more equitable bidding environment. This practice is crucial in maintaining trust and credibility in the auction system. Thus, the statement that the seller can bid on their own goods without prior notice is false.