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1. Be aware that under Barbados and English law, there is both a legal and an equitable duty placed on the receiver, and its principal, the bank to ensure that the best price possible is realized for a property sold by a receiver.
2. This means, that if the sale is lost by the receiver, you can refuse to pay the diminution in value for any subsequent sale as the receiver will have acted in breach of their equitable duty of good faith to obtain the best price possible.
3. Essentially, this means that the receiver must affirm the sale and adopt if for themselves.
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