Coal City House Furnishing Co. v. Hogue

Citations

• 197 F. 1
• 1912 U.S. App. LEXIS 1263

Syllabus

<p>1- Bankruptcy (§ 262*) — -Sale of Property — Rights of Bidder.</p> <p>A bidder at a sale by a trustee in bankruptcy whose bid the trustee declined to consider, although a lower bid was accepted, and who was required by the referee as a condition to the reopening of the sale to bind himself to make an upset bid substantially larger, had the right to except to such order, and to have the same reviewed.</p> <p>[Ed. Note. — For other cases, see Bankruptcy, Cent. Dig. §§ 363-365; Dec. Dig. § 262.*] , .</p> <p>2. Bankruptcy (§ 262*) — Sale of Property — Ricuits of Bidder.</p> <p>The highest bidder for property offered for sale by a trustee in bankruptcy who is willing and able to comply with the terms of the sale is entitled to have his bid accepted and reported for confirmation, and to have it confirmed, unless the referee is of the opinion that the property did not bring a fair price, or is offered an advanced bid.</p> <p>[Ed. Note. — For other eases, see Bankruptcy, Cent. Dig. §§ 363-365; Dee. Dig. § 262.*]</p>