(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.
- Hits: 680