Alexander v. . Boyd

Tbe only question presented by this appeal is whether or not tbe trustees in a deed of trust with power to sell, where tbe instrument itself provides that “In case of sale same shall be by public auction for cash” can, in their discretion, require tbe successful and high bidder to deposit 25 per cent of bis bid in cash at tbe time and place of sale to show good faith and to guarantee the performance of his bid in the event his bid is not raised within the ten-day period allowed by law? We think not, on account of the statute in this State.

“It is also settled that the laws which subsist at the…