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The document discusses two issues regarding business law:
1) An auction can be withdrawn before the fall of the hammer in an auction with reserve, but not in an auction without reserve, as the winning bidder has a right to enforce their bid once made.
2) In a judicial foreclosure, if the foreclosed property is sold for more than what is owed, the excess proceeds will be returned to the mortgagor, unlike in a pledge where any excess would go to the mortgagee. The mortgagee can pursue a deficiency judgment against the mortgagor's other assets if the sale amount is insufficient.
The document discusses two issues regarding business law:
1) An auction can be withdrawn before the fall of the hammer in an auction with reserve, but not in an auction without reserve, as …