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Inadequate price |
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INADEQUATE PRICE. This term is applied to indicate the want of a sufficient
consideration for a thing sold,or such a price as, under ordinary
circumstances, would be considered insufficient.
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? References in periodicals archive |
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I am writing to express my shock and dismay at the entirely inadequate price you and the Keystone Automotive board have unanimously decided to accept for the acquisition of Keystone by LKQ Corporation," wrote Saul Rubin, portfolio manager of Rockhampton Management UK LLP, in the letter. The suit aims to "void and enjoin defendants'" efforts to deprive the company's minority shareholders of their equity interest in BET as a grossly unfair and inadequate price and to usurp the benefits of the company's growth and future prospects for the defendants' own benefit. In this case, because the property was sold for a shockingly inadequate price, coupled with the mistake made by the referee and the mortgagee as to the cancellation of the sale, equity and fairness demands that the foreclosure sale be vacated and set aside. |
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