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What happens if I/we are the highest bidder and decide not to follow through with the agreement with the tender to purchase ?

April 26, 2017Agreement decide Follow happens Highest purchase tender

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What happens if I/we are the highest bidder and decide not to follow through with the agreement with the tender to purchase ?

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The highest bidder he /she will then lose their deposit .The 2nd highest bidder will now agree to follow his or hers agreement with the tender to purchase.