AUCTION TERMS & CONDITIONS:
GENERAL TERMS: The auction will be conducted by Stouffer's Auction Co., Inc. (Auctioneer), on behalf of Consigners (Owner of the property/items/lots) referred to as the "Seller". The auction shall be governed by the terms set forth herein. All persons attending, inspecting, bidding or removing property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer and Seller from any and all liability. Auctioneer and Seller are not liable by reason of any defect, condition of the property or premises on which the preview/auction is held.
DISCLOSURES/NO WARRANTY: No warranty is offered, expressed or implied, by Stouffer's Auction Co., Inc. or Seller for any item(s) sold or offered for sale. All property is sold AS-IS, WHERE-IS, with all faults and defects therein. ALL SALES ARE FINAL. Information provided is believed to be correct, but NO warranty as such is either expressed or implied, including but not limited to the merchantability or fitness for a particular purpose. Bidder is solely responsible to determine condition, age, authenticity, value, or any other determinative factor. Bidder inspection of the property prior to submitting a bid is strongly recommended. Auctioneer and Seller are released for any claims to actual damage to the property sold and/or consequential damages that may result from the sale of defective property. Auctioneer and Seller reserves the right to add or withdraw property from the auction and/or regroup items. Auctioneer reserves the right to sell property absolute or with reserve at Sellers discretion. The auctioneer reserves the right to reopen the bid as the result of a tie bid or discrepancies in the bid. Buyer assumes full responsibility of property at time of purchase and all risk of loss and/or damage to property.
BIDDER REGISTRATION: Bidder must be 18 years of age or older, and is required to register for the auction. In registration, Bidder must submit information found to be current, complete, and accurate for proper identification. Auctioneer reserves the right to terminate registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding at Auctioneers sole discretion. Bidder registration is not transferable or assignable.
BUYER'S PREMIUM: A Buyer's premium will be charged on each purchase. A buyer's premium of 10% of the finale bid will be added to the high bid and become the total purchase amount at settlement. Buyer agrees to these provisions and will pay the applicable buyer's premium.
PAYMENT TERMS: Sales tax, when applicable, will be charged on total purchase price amount. Payment must be made in full immediately upon the completion of the auction by Visa, Discover, MasterCard, Cash, or Personal/Company check with Irrevocable Bank Letter of Guarantee. Upon making payment, NO stop payment of funds will be honored. Any stop payment order of a check or giving a check which is returned marked insufficient funds shall be deemed by the parties to be a prima facie evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud. All payments shall be in U.S. dollars. Five percent (5%) administrative fee shall also be charged for all credit card payments.
REMOVAL OF PROPERTY: Buyer assumes full responsibility of property at time of purchase, and all risk of loss and/or damage to property. Property will not be removed from auction premises until payment in full has been received. Any and all methods of lifting, loading, towing, and/or hauling are the Buyer's responsibility. Any and all property not removed by May 29, 2015 shall revert back to the Seller and may be resold at auction or disposed of in any manner without any compensation to the Buyer.
CHOICE OF LAW: The law of the State of Maryland governs this agreement and venue is proper only in Washington County, Maryland. Announcements by Auctioneer made day of auction shall supersede any previous announcements either written and/or verbal made prior to the auction.
ACCEPTANCE OF AUCTION TERMS: Bidding on any item(s) demonstrates your knowledge and acceptance of Auction Terms and Conditions of this Auction.