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31.   Sale of goods by owner

Revised Laws of Saint Lucia (2021)

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31.   Sale of goods by owner

  1.  

    (1)   An owner shall, after the expiration of 14 days, sell the goods if the hirer does not exercise the rights conferred on him or her by section 30.

  1.  

    (2)   The sale may be by auction, public tender or by private sale but, in any case, the owner shall ensure that every aspect of the sale, including the manner, time, place and terms, is commercially reasonable and, in particular, shall use all reasonable efforts to obtain the best price.

  1.  

    (3)   The owner and the hirer shall each be entitled to bid at any public auction or, where the goods are offered for sale by public tender, to submit tenders as the case may require, and if the owner is the successful bidder or tenderer, the goods shall, for the purpose of this Act, be deemed to have been sold for the amount of his or her bid or tender.

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