C-25.01 - Code of Civil Procedure

Section 753 Disposition versions

2016-12-01

753. A bailiff conducting the sale by a call for tenders may do so by invitation or by a public call for tenders. Sufficient information must be included in the call for tenders to allow bidders to tender in sufficient time.

The bailiff is required to accept the highest tender unless the conditions attached to it render it less advantageous than another lower tender, or unless the price tendered is not commercially reasonable.

2014, c. 1, a. 753; I.N. 2016-12-01.

2016-01-01

753. In the case of a call for tenders, the bailiff has the option of issuing a public or a limited one. Sufficient information must be included in the call for tenders to allow bidders to tender in sufficient time.

The bailiff is required to accept the highest tender unless the conditions attached to it render it less advantageous than another lower tender, or unless the price tendered is not commercially reasonable.

2014, c. 1, a. 753.