· 3/15/1961
Paul v. Rimrock Tidelands, Inc.
Citations
- 128 So. 2d 443
- 1961 La. App. LEXIS 1983
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- explaining that “Pennsylvania courts have concluded that a sheriff’s sale price is grossly inadequate where [the] sale price was a small percentage – roughly ten percent or less – of the established market value”
- indicating procedural irregularities can hamper competitive bidding process and contribute to grossly inadequate sale price
- reversing a trial court’s decision that a sale for 44 percent of what another purchaser would have paid was grossly inadequate
- “where a ‘gross inadequacy’ in the price is established[,] courts have found proper grounds exist to set aside a sheriff's sale”
- trial court abused its discretion by setting aside a sheriff’s sale without any procedural defects based upon post-sheriff’s sale offer to purchase the property at issue
Source: CourtListener parenthetical corpus (CC0).
Judges: Culpep, Frugé, Tate
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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