Herndon v. Gibson

Citations

• 38 S.C. 357
• 20 L.R.A. 545
• 17 S.E. 145
• 1893 S.C. LEXIS 76

Syllabus

<p>Public Sale — Chilling Bids — Sympathy.—Anything said by a party in interest, at a public sale, that chills the bidding and prevents free competition, is cause for setting aside the purchase by such party. Therefore, a foreclosure sale was vacated where the purchaser, who was the mortgagor, stated publicly at the sale that it was her intention to bid; that she was a widow, and dependent on the premises for support; and desired that no one would bid against her; and by these statements (which were true) deterred another person from bidding, and obtained the property at undervalue.</p>