Licitation

In civil law. An offering for sale to the highest bidder, or to him who will give most for a thing. An act by which coheirs or other coproprietors of a thing in common and undivided betweeii them put it to bid between them, to be adjusted and to belong to the highest and last bidder, upon condition that he pay to each of his coproprietors a part in the price equal to the undivided part which each of the said coproprietors had in the estate licited, before the adjudication. Poth. Cont. Sale, notes 516, 688.

In the civil law. An offering for sale to the highest bidder, or to him who will give most for a thing; an act by which co-heirs or other co-proprietors of a thing in common and undivided between them, put it to bid between them.

In the civil law. An offering for sale to the highest bidder, or to him who will give most for a thing. An act by which co-heirs or other co-proprietors of a thing in common and undivided between them put it to bid between them, to be ad judged and to belong to the highest and last bidder, upon condition that he pay to each of his co-proprietors a part in the price equal to the undivided part which each of the said coproprietors had in the estate Uctied, before the adjudication. Poth. Cont. Sale, nn. 516, 638.,

5 Where the co-heirs or co-proprietors of a thing by undivided interest put it up at auction among themselves, that it may become the property of the one who will offer the most for it. The thing remains charged with unpaid shares.' Where there is disagreement between the owners of a vessel, there may be " licitation " and partition for a moiety by order of' a court. The petition prays for a sale, and distribution of the proceeds. The proceeding is justified by the necessity, in. the interests of commerce, and the relief of the parties, when they have reached a present actual inability to use the vessel.'