Section 88: Biddings not reaching upset price
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
88. Biddings not reaching upset price
Where, on the day of sale, the biddings do not reach the upset price, the
Master may, on application made by the party prosecuting the sale, or by
any other interested party, order that the property be sold below the upset
price, and shall fix a day, not less than 14 days before the date of his order,
for the resale of the property.
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Questions this section answers
- What happens if bidders don't offer enough to reach the minimum price at the sale of a minor's property?