3. Application of Act to sales of land by public auction

3. Application of Act to sales of land by public auction.—(1) The provisions of section 2 do not apply to the sale of land by public auction.

(2) If in terms of a sale of land by public auction the purchase price or any other charges is or are payable by the purchaser in more than two instalments over a period exceeding one year—

(a)    the provisions of this Act apply to that sale as if it were a sale under a contract;

(b)    in such application of section 6, the conditions of sale determined in terms thereof shall be read in public immediately before the auction; and

(c)    the seller shall forthwith after the auction furnish the purchaser with a copy of the contract, failing which the purchaser may cancel the sale.

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