resale at purchaser's risk
- resale at purchaser's risk
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One of the modes of proceeding in a court of equity when a purchaser at a judicial sale, after confirmation, fails or refuses to complete his purchase.
Under this mode of procedure, the court may order a resale of the property, holding the purchaser responsible for any deficiency. Hammond v Cailleaud, 111 Cal 206, 215, 43 P 607.
Ballentine's law dictionary.
Anderson, W.S..
1998.
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