Opening Biddings
Defined in 4 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1891)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Ordering a resale. on notice of an offer of a sufiicient advance on the price obtained, open the biddings, i. e., order a resale; but this will not generally be done after the confirmation of the certificate of the highest bidder. So, by analogy, a resale has been ordered of an estate sold under bankruptcy. Sugd. Vend. 90; 22 Barb. (N. Y.) 167; 8 Md. 322; 9 Md. 228; 13 Grat. (Va.) 639; 4 Wis. 242; 31 Miss. 514.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Ordering a re-sale. AVlien estates are sold under decree of equity to the highest bidder, the court will, on notice of an offer of a sufficient advance on the price obtained, open the biddings, i. e. order a re-sale. Rut this will not generally be done after the confirmation of the certificate of the highest bidder. So, by analogy, a re-sale has been ordered of an estate sold under bankruptcy. Sugd. Vend. 90; Lefevre v. Laraway, 22 Barb. (N. Y.) 167; Wright v. Cantzon, 31 Miss. 514. In England, by stat. 30 & 31 Alct. c. 48, s. 7, the opening of biddings is now allowed only in cases of fraud or misconduct in the sale; Wins. It. 1\ The courts of this country also will not generally open the biddings merely to obtain a higher price, but require irregularity, fraud, or gross inadequacy of price to be shown. OPENING OF A POLICY OF INSUR-
A Dictionary of Law
Henry Campbell Black · 1891
In equity practice. The allowance by a court, on sutiicient cause shown, of a resale of property once sold under a decree.