Ewald v. Crockett

Citations

• 85 Va. 299
• 7 S.E. 386
• 1888 Va. LEXIS 36

Syllabus

<p>1. Judicial Sales&emdash;Upset Bids.&emdash;A substantial upset bid, well secured, put in before the confirmation of a reported sale, is as much a valid bid as if made at the auction, and cannot be disregarded by the court. Todd v. Gallego M. & M. Co , 84 Va. 586.</p> <p>2. Idem&emdash;Advance Bid&emdash;Case at Bar.&emdash;Where land has been sold under decree in creditor’s suit, and reported on the same day as sold to the highest bidder for $10,100, and thereupon a person asks to be allowed to put in an upset bid of 10 per cent, advance, the bid should be allowed and the bidding opened to all.</p> <p>3. Idem&emdash;Time to perfect bid&emdash;Case at bar.&emdash;In such case, former bidder not having withdrawn his bid, the court being asked to act definitely in five days, twenty days were allowed for perfecting the upset bid by depositing money and giving bonds ;</p> <p>Held:</p> <p>No error.</p>