899. A judgment authorizing a sale by way of a call for tenders indicates whether the call for tenders may be made by way of the newspapers or by invitation.
Sufficient information is included in the call for tenders to enable any interested person to submit an offer at the proper time and place.
The person proceeding with the sale is bound to accept the highest offer unless the conditions attached to it render it less advantageous than another lower offer, or unless the price offered is lower than the reserve price.
1965 (1st sess.), c. 80, a. 899; 1992, c. 57, s. 411.