Estate of Jennings
U.S. Court of Appeals for the First Circuit
Estate of Jennings, 1 Coffey 155 (1st Cir. 1883)
Estate of Jennings
Opinion of the Court
It is manifest from the offer of Mr. Fruchey’s attorney to increase his bid of $3,000 to $5,000, that the price obtained at the sale was greatly disproportionate to the value of the articles sold. I have fully considered all the points made by counsel on both sides, in oral argument and in briefs, and, while conceding the cogency of Mr. Wood’s presentation of views, cannot consider it conclusive. I adhere to the view intimated by me at the hearing, as the correct conclusion—the sale cannot be confirmed; and a new sale should take place under circumstances calculated to bring the utmost value of the property.
Reference
- Full Case Name
- Estate of A. A. JENNINGS
- Status
- made and filed an advance bid of $5
- Syllabus
- Administrator’s Sale—Advance Bids and Resale.—When, upon the hearing of a return of an administrator’s sale of personal property, the purchaser increases his bid from $3,000 to $5,000, it is manifest that the price obtained is greatly disproportionate to the value of the property; and in such case the court will refuse confirmation of the sale, and will order a new sale to be had under circumstances calculated to bring the utmost value of the property.