Description
- Mortgaged land auctioned by bank – buyer discovers later that the actual size is smaller than the size indicated in the certificate of title – bank not guilty of misrepresentation.
- Buyer registers land bought in auction before verifying the actual size of the land – buyer is stopped from claiming misrepresentation.
- Doctrine of buyer beware (caveat emptor) in purchase of land auctioned by mortgagee after default by mortgagor.
- Rights of mortgagee.
- Default by mortgagor.
