Commercial Law, 2011 Bar — Question 12

MULTIPLE CHOICE

On X's failure to pay his loan to ABC Bank, the latter foreclosed the Real Estate Mortgage he executed in its favor. The auction sale was set for Dec. 1, 2010 with the notices of sale published as the law required. The sale was, however, cancelled when Dec. 1, 2010 was declared a holiday and re-scheduled to Jan. 10, 2011 without republication of notice. The auction sale then proceeded on the new date. Under the circumstances, the auction sale is A) rescissible. B) unenforceable. C) void. D) voidable.

You can write freely without an account. Sign in to reveal the suggested answer and track your progress.