TERMS AND CONDITIONS
FOR SALE OF PROPERTY AT GOODNOE PUBLIC AUCTION

1. Full payment via cash, credit card (MasterCard, Visa or Discover), or certified funds. Checks must be accompanied by a current bank letter of credit. Title passes when Buyers funds clear through bank. NO PROPERTY REMOVED UNTIL FULLY SETTLED FOR.

2. A bid by any person shall be conclusive proof that the person has made himself acquainted with these terms and conditions of sale and has agreed to be bound by them.

3. The highest bidder shall be deemed the Buyer at the option of the Auctioneer. Should a dispute arise as to the bidding, the property may be immediately offered again at Public Auction between the disputing bidders only, at the option of the Auctioneer. The decision of the Auctioneer shall be final and absolute.

4. All sales are final, and all property sell as is, where is. No warranties. No guarantees. It is the bidders responsibility to determine condition and must rely on his/her own information, inspection, record and determination. The seller reserves the right to reject any and all bids it deems necessary.

5. No bidder shall advance the bidding in an amount less than is acceptable to the Auctioneer. Auctioneer or Seller reserves the right to withdraw any item before or during the sale.

6. All announcements from the auction block supercede any printed material or any other statements made previously.

7. After the auctioneer has sold a piece of equipment and/or item, it becomes the sole responsibility of the purchaser. Purchaser assumes full responsibility for items at the time the Auctioneer says “Sold.” The auctioneer cannot be responsible for items left for later pick up.

8. Neither Auctioneer nor Seller shall be liable for any personal injury on the sale premises. Buyer assumes all risk and liability whatsoever resulting from the use of the item(s) sold hereunder, and shall defend, indemnify, and save harmless Seller and Auctioneer from any liability.

9. Unless noted, property offered is subject to a buyer’s premium, which will be added to the final bid price at the auction. Buyers premium for this sale is 12%.