AUCTION TERMS & CONDITIONS
Subject to amendments and modifications announced by the Auctioneer at the time of the
auction, any person participating in the auction shall be bound by the following terms and
conditions:
1. A $1,000 deposit is required at the time of registration. This will allow for purchases
up to $4,000. An additional 25% deposit will be required at the time of purchase for
purchases in excess of $4,000. The balance of the purchase price must be paid in full
within the time period herein provided in the ?Event Specific Terms & Conditions?. All
payments shall be by way of cash, Interac, Visa, Mastercard, certified cheque, bank
draft, wire transfer, or company cheque with a Bank Letter of Guarantee. Deposits on
account of purchases may be made in advance of the auction and the balance
thereof will be refunded immediately after the auction. Additional items have been
added to the sale. The Auctioneer reserves the right to put articles back up for auction
if deposit is not received at or before time of sale.
2. Sales taxes arising on a sale shall be paid to the Auctioneer at the time of sale.
3. All articles will be sold to the highest bidder conforming to the bid process, provided
that the Auctioneer reserves the right to sell articles by individual, group lots and "EN
BLOC" as he deems appropriate. Auctioneer reserves the right to sell on behalf of
third parties, it's own account or on the account of others. Should any dispute arise
between two or more bidders or as to any bid, the lot in question may, at the
Auctioneer's discretion, be immediately put up again and resold. The Auctioneer shall
regulate all matters relating to the conduct of the auction and his decision shall be
final and binding on all bidders.
4. Auctioneer reserves the right to sell subject to reserve and to purchase for it's own
account and or for the account of others, whether by verbal or written proxy, all
subject to prior sale.
5. All sales shall be concluded on the fall of the hammer or as indicated by the
Auctioneer and no purchaser may thereafter revoke his bid. Title to the lots
purchased shall not pass until payment in full of the purchase price is received.
6. ALL SALES ARE FINAL, ON AN "AS IS - WHERE IS", "IN PLACE", "WITH ALL FAULTS"
BASIS WITH NO CONDITIONS OR WARRANTIES. WHETHER EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE INCLUDING WITHOUT LIMITATION, WARRANTIES OR
CONDITIONS AS TO TITLE, DESCRIPTION, FITNESS FOR PURPOSE, QUANTITY,
QUALITY, MERCHANTABILITY, STATE, CONDITION, LOCATION, OR OTHERWISE.
NO SALE SHALL BE INVALIDATED BY REASON OF AND THE AUCTIONEER SHALL
HAVE NO LIABILITY FOR A MISDESCRIPTION OF ANY ARTICLE OR LOT WHETHER
CONTAINED IN A CATALOGUE ADVERTISEMENT OR OTHERWISE.
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PUBLIC AUCTION ? ONSITE AND WEBCAST
ACE INDUSTRIES
WEDNESDAY, APRIL 25, 2012
DESCRIPTIONS HAVE BEEN PREPARED FOR GUIDE PURPOSES ONLY AND
SHALL NOT BE RELIED UPON BY THE PURCHASER FOR ACCURACY OR
COMPLETENESS. PLEASE INSPECT ALL ITEMS BEFORE BIDDING. PURCHASERS
SHALL BE DEEMED TO HAVE RELIED ENTIRELY UPON ITS OWN INSPECTION AND
INVESTIGATIONS.
7. No article shall be removed unless paid for in full and all articles purchased shall be
removed within the time period herein provided in the ?Event Specific Terms &
Conditions?. The purchaser shall be responsible for all costs of removal and shall be
liable for any damage, including without limitation, any environmental damage,
caused during or as a result of the removal. Purchasers shall comply with all
environmental laws and regulations and all requirements established by the
Auctioneer for the removal of articles, including requirements as to bonding of
movers. Please refer to the ?Removal Terms & Conditions? herein provided.
8. Where available documents of transfer, including motor vehicle ownership
documents, which are in the possession of the Auctioneer, will provide to the
purchaser within seven days following the auction or as soon thereafter as such
documents are available.
9. If the Auctioneer is unable to deliver an article sold to a purchaser due to fire, theft or
any other reason whatsoever, the Auctioneer shall reimburse the purchaser for all
monies paid to the Auctioneer in respect of the article and the Auctioneer shall have
no further liability to the purchaser arising from or relating to such loss, including
without limitation any damages or loss profits.
10. The Auctioneer reserves the right to refuse any applicant the privilege of bidding or
attending at the auction and may revoke such privilege at any time.
11. Time shall be of the essence. If a purchaser fails to make payment or remove goods
within the time periods herein provided in the ?Event Specific Terms & Conditions?,
the Auctioneer may resell the article purchased by auction, private contract or
otherwise, as the Auctioneer in his discretion deems advisable, and the purchaser
shall be liable for the shortfall and all costs and expenses, including but not limited to
interest rates (a minimum of 1.5% per month or 18% per cent per annum), legal fees,
removing and storage (a minimum rate of $2.00 sq ft per month) and commissions,
incurred in such resale.
12. No purchaser may assign, transfer or dispose of his rights in any article purchased
before he has paid the purchase price in full.
These terms and conditions together with any amendments or modifications expressly
made by the Auctioneer at the time of the auction constitute all the terms and conditions
with respect to the sale of the articles at this auction. There are no representations,
warranties, terms, conditions, undertakings, or collateral agreements except as
hereinabove provided.