Power to sell in lots, and either by public auction or private contract

Power to sell in lots, and either by public auction or private contract.—Where the trustee is empowered to sell any trust-property, he may sell the same subject to prior charges or not, and either together or in lots, by public auction or private contract, and either at one time or at several times, unless the instrument of trust otherwise directs. The trustee may buy in any property at a sale by auction and resell the same, and any loss sustained by any such resale, and any expenses incurred by him in connection with such sale, shall be borne by the trust-property. Where a trustee is directed to sell, he may for that purpose authorise a valid contract for sale, and may insert such reasonable stipulations as to title or evidence of title, or otherwise, as he thinks fit.