Thomson v. Ritchie

Citations

• 80 Md. 247
• 30 A. 708
• 1894 Md. LEXIS 128

Syllabus

<p>Trustees' Sale — Highest Bidder — Exceptions.</p> <p>A trustee’s sale, fairly made, will not be set aside because a person unknown to the auctioneer or to the trustee, wrote a letter on the day of the sale to the auctioneer authorizing a higher bid to be made, and enclosing the required deposit, when such person is not present at the sale, and the trustee is not aware that he would be able or willing to make the first cash payment and give security ior the deferred payments, and when the party objecting to the ratification of the sale is a former purchaser of the property who had failed to pay all of the purchase money, the re-sale being at his risk.</p> <p>Held, upon the facts of this case that an exception to the ratification ot the trustee’s sale upon the ground of inadequacy of price should not be sustained.</p>