Robinson v. Amateur Ass'n

Citations

• 14 S.C. 148
• 1880 S.C. LEXIS 109

Syllabus

<p>1. A sale by a mortgagee of the mortgaged premises under a power conferred in the mortgage, and in strict compliance with the conditions of the power, is valid, and bars the equity of redemption; and at such sale the mortgagee may, himself, become the purchaser, if so authorized by the terms of the power conferred.</p> <p>% Such sale will not be set aside, because the terms of the contract were hard, the interest high, and the advertisement (which followed the description given in the mortgage) not sufficiently descriptive.</p> <p>3. Mere inadequacy of price is not sufficient ground for setting aside such a sale, unless the inadequacy is so great as to furnish evidence of fraud.</p>