The Law Dictionary

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UPSET BID Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A bid made after a judicial sale, but before the successful bid at the sale has been confirmed, larger or better than such successful bid, and made for the purpose of upsetting the sale and securing to the “upset bidder” the privilege of taking the property at his bid or competing at a new sale. Yost v. Porter, 80 Va. 858.

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