A CFO may postpone a correctly advertised public sale on 24 hours notice. A postponed public sale can recommence upon 48 hours notice. A public sale may not be postponed for more than 30 days without re-advertisement.

A CFO may postpone a correctly advertised public sale on 24 hours notice. A postponed public sale can recommence upon 48 hours notice. A public sale may not be postponed for more than 30 days without re-advertisement.

• A. True
• B. False
• C. Only 24 hours allowed
• D. 60 days allowed

Answer: (B)

Postponement rules for a public sale hinge on clocked notice windows and the maximum allowed postponement without re-advertisement. The first two parts are correct: a CFO can delay a correctly advertised sale with 24 hours’ notice, and if the sale is postponed, it can resume with 48 hours’ notice. The sticking point is the maximum postponement period. The statement that a sale may not be postponed for more than 30 days without re-advertisement is not accurate—this limit is longer in practice. The rule allows postponement up to 60 days without re-advertisement, so the claim about a 30-day maximum is false.

Postponement rules for a public sale hinge on clocked notice windows and the maximum allowed postponement without re-advertisement. The first two parts are correct: a CFO can delay a correctly advertised sale with 24 hours’ notice, and if the sale is postponed, it can resume with 48 hours’ notice. The sticking point is the maximum postponement period. The statement that a sale may not be postponed for more than 30 days without re-advertisement is not accurate—this limit is longer in practice. The rule allows postponement up to 60 days without re-advertisement, so the claim about a 30-day maximum is false.