272. Place of Sale:The Court shall exercise its discretion as to the place of sale with a view to obtaining the best price. 273. Adjournment of Sale:The Court may for sufficient reasons and on the application of any interested party adjourn the sale. 274. Postponment of Sale:(1) The Court may, in the circumstances specified hereunder and on the application of the judgment debtor, postpone the sale for such period as it thinks fit to enable him to raise the amount for the recovery of which the sale was ordered:(a) if the Court is satisfied that the net income from the property offered for sale in one year is sufficient to satisfy all the claims of the parties to the execution; (b) if the Court is satisfied that the judgement debtor can raise an amount sufficient to satisfy the claims of the parties to the execution referred to in paragraph (a) by the mortgage of the property or part thereof; such a mortgage shall require a certificate from the Court authorizing the judgement debtor to mortgage the property and to deposit the proceeds in its custody and shall not become absolute until it has been confirmed by the Court; (c) if the Court is satisfied that the judgement debtor can raise the amount of the execution debt by the private sale of such property; such sale shall require a certificate from the Court authorizing the sale and deposit of the proceeds in its custody and shall not become absolute until it has been confirmed by the Court. (2)The Court shall fix the date on which the sale shall take place in case of failure to raise the amount required, taking into consideration the time necessary to enable the judgement debtor to raise the amount. 275. Auction:1) The auction begins on the declaration of the reserve price and costs by the bailiff or the person appointed by the Court for that purpose. 2) Where several bids are received the judge or the person conducting the sale shall accept the highest bid, nonetheless the Court may, for sufficient reasons, refuse to accept the highest bid. 276. When no Bids Received:If no bid is received for the reserve price or more, the sale shall be adjourned to a date to be published. On such date the property shall be offered without it reserve price but the Court in such case shall not be bound to accept the highest bid. 59