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SURENCHERE Definition & Legal Meaning

Definition & Citations:

In French law. A party desirous of repurchasing property at auction before the court, can, by offering one- tenth or one-sixth, according to the case, in addition to the price realized at the sale, oblige the property to be put up once more at auction. This bid upon a bid is called a “surencli&re.” Arg. Fr. Merc. Law, 575.


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