63Sales of land by auction

63 Sales of land by auction (1) In the case of a sale of land by auction: (a) a right to bid may be expressly reserved by or on behalf of the vendor and, if so, the vendor or a person on behalf of the vendor may, subject to paragraph (b), bid at the auction; (b) if the sale is not notified in the conditions of sale to be subject to a right to bid on behalf of the vendor, the vendor is not entitled to bid or to employ a person to bid at the sale and the auctioneer is not entitled to take a bid from the vendor or the person; (c) a sale that contravenes or does not comply with paragraph (b) may be treated as fraudulent by the purchaser; and (d) a sale may be notified in the conditions of sale to be subject to a reserved or upset price. (2) Subsection (1) applies to sales of land by auction effected after the