Today’s Legal Enlightenment (Wednesday, 01 March 2023)

by | May 10, 2023 | Legal Enlightenment | 0 comments

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IF AN AUCTION WINNER TURNS OUT TO BE THE CREDITOR WHO BUYS AT A LOWER PRICE, THEY ARE DECLARED TO BE IN BAD FAITH AND DO NOT RECEIVE LEGAL PROTECTION

 
The auction winner is declared to be in bad faith and does not receive legal protection if the auction winner turns out to be the creditor who bought
the collateral at a much lower price.
 
If the sale and purchase of land are not followed by the handing over of the land and the money from the sale is used to pay the debt to the buyer,
the difference is very large, and the amount is fabricated and declared legally flawed.
 

Supreme Court Decision No. 252 K/Pdt/2002, dated 11 June 2004.
 
Source:
Book of RI Supreme Court Jurisprudence, Publisher: RI Supreme Court, 2005, page 69.
 
Best regards,
Fredrik J. Pinakunary


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