Auction Terms & Conditions TERMS OF SALEPLEASE NOTE: ALL BIDDERS AND OTHERS ATTENDING THIS AUCTION AGREE THAT THEY HAVE READ AND FULLY UNDERSTAND THESE TERMS AND BY ACCEPTING THEIR BID CARD AGREE TO BE BOUND BY THEM.IDENTIFICATION - All buyers/purchasers are required to have a bidder's number to bid providing full name, address, photo and ID number, including if necessary the social security number from current driver's license or SS card.ADDITION TO OR WITHDRAWAL FROM SALE - The auctioneer reserves the right to withdraw from sale any of the items listed or to sell at this auction items not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the seller will be served, the auctioneer reserves the right to sell all of the items listed in any manner he chooses.DISPUTE BETWEEN BIDDERS - If any dispute arises between two or more bidders, the auctioneer may decide to resell the item(s) to the highest bidder or to leave the sale as sold. The decision of the auctioneer shall be final and absolute.SALE BY ESTIMATED COUNT - Where items are to be sold by estimated count, the purchaser will be billed for and required to pay for the estimated count. If, when delivered, any shortage exists, the purchaser will not receive a refund at the rate of purchase. If there is an excess, the purchaser is required to take and pay for this excess, at the rate of purchase.RESERVE - The auctioneer reserves the right to reject any and all bids. On lots upon which there is a reserve, the auctioneer shall have the right to bid on behalf of the seller.CONDITION OF ITEMS SOLD - The auctioneer shall not be responsible for the correct description, authenticity, genuineness of, or defect in any lot, and makes no warranty in connection therewith. No allowance will be made or sale set aside due to any incorrectness, error in cataloguing, or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold 'AS IS' and without recourse.TIME OF PAYMENT - All bills must be paid in full before leaving the premises on the day of sale.MANNER OF PAYMENT - All bills must be paid to representatives of the auctioneer at the auction unless otherwise announced. The full purchase price on all lots sold to the same buyer must be paid auction sale day and before removal of any of the items. Cash or company checks must have bank letter of guarantee, unless established with Auction Company or prior arrangements have been made. Visa, American Express, Mastercard and Discover are accepted. Proof of payment is required before removing any items from the auction lot. This requirement is for the protection of buyer and sellers alike. In addition, there is a non-refundable 5% buyer’s premium, which is calculated upon checkout of their items. Any checks returned for any explanation, i.e. non-sufficient funds, closed account, or any other will be charged a $50.00 fee. In addition, any remedies of law necessary may be levied upon a buyer who has been delinquent in payment COMPLIANCE WITH TERMS OF SALE - In default of payment of bills in full within the time herein specified, the auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within 2 weeks of the date of auction may be resold at public or private sale without further notice, and any storage fees along with all expenses and charges of re-sale, will be charged to the purchaser who defaulted.ADDITIONAL TERMS AND CONDITIONS -any additional terms or conditions of sale, added by auctioneer, shall be announced before auction.REMOVAL - Removal shall be at the expense, liability, and risk of the purchaser. Purchases will be delivered only on presentation of paid bill. Auctioneer shall not be responsible for goods not removed, and shall have the option of removing and storing at the expense and risk of the purchaser any article purchased, or not paid for and removed within the specified time. ALL ITEMS MUST BE REMOVED BY TUESDAY, APRIL 27, 2010 AT 5PM. WE WILL BE ON SITE MONDAY (26) & TUESDAY (27TH) 9AM-5PM FOR PICK-UP. NON-DELIVERY RESPONSIBILITY - Auctioneer shall not, in any event, be liable for non-delivery or for any other matter or thing, to any purchaser of any lot.CLAIMS & TAX STATUS– All items are sold on an “as-is” and “where-is” basis with absolutely no warranty of any kind, including merchantability and/or fitness for a particular purpose. No claims will be allowed after goods are removed from premises. Any buyer or purchaser claiming tax exemption status and found later by Auction Company or any state agency to be taxable will be responsible for any and all taxes, assessments and/or fines assessed against Auction Company. PERSONAL AND PROPERTY RISK – Registrant/Bidder shall indemnify and hold harmless Edinburg Auction Sales, Inc. and all of it’s officers, agents and employees from any loss, damage to property and injuries, including death, to all persons, arising or in any manner growing out of the sale of any equipment or removal thereof from Edinburg Auction Sales, Inc. premises, and shall defend at it’s own expense any suits or other proceedings brought against Edinburg Auction Sales, Inc. and it’s officers, agents, and employees, or any of them, on account thereof, and pay all expenses, including attorney fees, and satisfy all judgements which may be incurred by or rendered against any of them or in connection therewith. Any persons attending the showing, sale or removal of auction goods or others assume all risks of damage of or loss to person and property and specifically release the auctioneer from liability therefore. Neither the auctioneer nor his principal shall be liable due to any defect in or condition of the premises on which the sale is held. RECORDS - The record of sale kept by the auctioneer, clerk and bookkeeper will be taken as final in case of any dispute. If any discrepancy is purchase price exits, the final record of the sale will be used and any monies owed Edinburg Auction Sales, Inc. for any price discrepancy or clerk error, must be immediately paid in full. AGENCY - The auctioneer is acting as agent only and is not responsible for acts of its principals. --------------------------------------------- ------------------------------------------Terms Of Use
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