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Personal or company checks may be accepted by Maynards, at its sole option, on the condition that they must be accompanied by a letter from the Purchaser’s bank unconditionally guaranteeing payment of the Purchase Price in full of items purchased.Ħ. Only cash, wire transfer, bank draft or certified check will be accepted as payment of the Purchase Price.
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If the conditions herein or any other applicable condition(s) are not complied with, in addition to other remedies available by law to Maynards and/or its consignors, including but without limitation, the right to hold the Purchaser liable for the Purchase Price, Maynards may, at its option, either (a) cancel the sale in part or in full, retaining as liquidated damages all payments made by Purchaser or (b) resell the property, either publicly or privately, after three (3) days notice to the Purchaser and for the account and risk of the Purchaser, and in such event the Purchaser shall be liable to Maynards for any deficiency if the resale is less than the Purchase Price, plus all costs, including warehousing, the pro-rata share of expenses of both sales including reasonable attorneys fees, Maynards’ commission, plus all other charges due hereunder and incidental damages suffered by Maynards or its consignor.ĥ. To prevent misdelivery and inconvenience in settlement of a purchase, no lot may be transferred prior to removal by the Purchaser.Ĥ. No lot may be removed until the Purchase Price is paid in full for all lots purchased. A sale to the highest Bidder shall be complete upon the auctioneer’s call, with the highest Bidder purchasing the offered lot, in accordance with all the conditions set forth herein, including Purchaser (a) assuming full risk of loss and responsibility thereof, see Point 8 below, (b) immediately making a deposit of not less than twenty-five percent (25%) of the Purchase Price, and (c) paying to Maynards the balance of the Purchase Price in full within forty-eight (48) hours after the auction sale for all lots purchased. Unless exemption from such taxes is established to the satisfaction of Maynards, any Purchaser claiming an exemption will be required to pay the tax to Maynards and seek a refund directly from the taxing authorities.ģ. As used herein, the term “Bid Price” means the price at which a lot is knocked down to the Purchaser, and the term “Purchase Price” means the aggregate of (a) the Bid Price, (b) the Buyer’s Premium and other surcharges, if any, and (c) unless Purchaser is exempt by law from the payment thereof, any Federal, Provincial, State or local sales taxes (or compensating use tax of another State), and any other applicable taxes. No person shall have any claim against Maynards, its consignors, agents, employees, directors or principals for any injuries sustained or for damages to or loss of personal property, which may occur from any cause whatsoever.Ģ. Every person at the auction site before, during and after the auction sale, shall be deemed to be there at his/her own risk with notice of the condition of the premises, the activities on the premises, and conduct of third parties and the bidder shall so advise his/her agents and employees. Flammable, noxious, corrosive and pressurized substances may be present, heavy equipment may be in operation, and electric circuits may be live. Bidder acknowledges that an auction site is a potentially dangerous place. Under these Terms and Conditions, the term “Bidder” and “Purchaser” shall be used interchangeable and be one of the same.ġ. Maynards strongly recommends to all bidders to thoroughly inspect all items before the auction on which bidder intends to bid. The following, as amended by any posted notices and/or oral announcements during the auction sale, constitutes the entire terms and conditions on which property listed in the auction sale catalogue shall be offered for sale or sold by Maynards, and any consignor of such property for whom Maynards acts as agent. Preview - Tuesday, December 17th from 9am to 4pm or by appointment. 6170 Middlebelt Road, Romulus, MI 48174 26 Rigging, Transportation & Consulting, LLC 2590 Pembroke Rd, Birmingham, Michigan 48009 Available Monday – Friday, 9:00am – 12:00am ET.To reach a member of our qualified support staff regarding information or questions pertaining to the bidding process please reach us by phone, email or LiveChat BidSpotter Customer Service Support Department
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