Section 43-2-417

Published: 2015

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Section 43-2-417

Section 43-2-417Resale upon failure of purchaser to comply with terms; liability for deficiency.

If the purchaser fails to comply with the terms of the sale, the executor or administrator may again proceed to advertise and sell the property. If, on another and a completed sale, the property sells for a less sum than the amount bid at the former sale, the purchaser so in default is liable to the executor, administrator or any person damaged for the deficiency, and also the expense of the sale.

(Code 1896, §149; Code 1907, §2613; Code 1923, §5840; Code 1940, T. 61, §235.)