Court sale by Receiver requires court confirmation; highest bid alone does not create a binding contract.

A Receiver conducting a sale under court directions acts only as an officer of the Court, so the highest bid does not by itself create a binding contract unless the Court has authorised the Receiver to bind it and has accepted the bid. The absence of an express sale-condition requiring court confirmation did not waive the Court's power of confirmation. The contract in a court sale is completed by the Court's acceptance, not by the Receiver's or auctioneer's acceptance alone. The bidder therefore acquired no binding contractual right, and the order directing a re-sale was valid.

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Issues: Whether a highest bid at an auction conducted by a Receiver under the Court's directions became binding without confirmation by the Court, and whether the order directing a re-sale was valid.

Analysis: A Receiver acts only as an officer of the Court and exercises delegated authority. In a sale held by a Court officer under judicial directions, the making of the highest bid does not by itself complete a contract unless the Court has authorised the officer to bind it. The absence of an express condition in the sale notice that confirmation by the Court was necessary did not amount to a waiver of the Court's power of confirmation. The contract in a court sale is concluded by acceptance by the Court, not merely by the auctioneer or receiver's acceptance of the bid.

Conclusion: The appellant acquired no binding contractual right by his highest bid, and the order directing a re-sale was within the Court's power.

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