{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil-procedure:2015:article:467","workId":"law:eri:code:civil-procedure:2015","expressionId":"law:eri:code:civil-procedure:2015:en","title":"Defaulting Purchaser Answerable for Loss on Re-sale","number":"467","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/467/","hierarchy":{"book":"BOOK VII — ATTACHMENT AND EXECUTION OF DECREES","title":"TITLE II — MODES OF EXECUTION","chapter":"Chapter 4. — Sale Generally"},"paragraphs":[{"id":"p1","number":"1","text":"Where the purchase price is not paid or deposited according to the provisions of the law or the terms and conditions of sale, such sale shall be deemed to be cancelled and a resale may be ordered by the court after the issue of a new proclamation in the manner and within the time specified above.","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/467/#p1","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":242,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/242/?article=467&paragraph=p1#article-467-p1"},{"sourceId":"civil-procedure-code-2015-en","pdfPage":243,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/243/?article=467&paragraph=p1#article-467-p1"}]},{"id":"p2","number":"2","text":"Any deficiency of price which may happen on such resale and all expenses attending such resale shall be certified to the court by the auctioneer and shall, at the instance of either the decree-holder or the judgment-debtor, be recoverable from the defaulting purchaser under the provisions relating to the execution of a decree for the payment of money.","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/467/#p2","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":243,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/243/?article=467&paragraph=p2#article-467-p2"}]},{"id":"p3","number":"3","text":"On payment of the purchase money the auctioneer shall grant a receipt for the same, and the sale shall become absolute,","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/467/#p3","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":243,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/243/?article=467&paragraph=p3#article-467-p3"}]},{"id":"p4","number":"4","text":"For purposes of bidding, a resale by auction ordered under this Article shall be deemed to be a first auction.","canonicalUrl":"https://eriatlas.com/law/civil-procedure-code-2015/article/467/#p4","sourceTargets":[{"sourceId":"civil-procedure-code-2015-en","pdfPage":243,"url":"https://eriatlas.com/sources/civil-procedure-code-2015/page/243/?article=467&paragraph=p4#article-467-p4"}]}],"caution":"This is the English-language edition published in 2015 and attributed in its front matter to the Ministry of Justice. Refworld labels it an unofficial translation. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force."}