Michigan Tool Co. Model 870-A Universal Gear Finishing Machine

Terms & Conditions

Surplus Assets to Ongoing Operations of C-B Gear & Machine, Inc.-Gear Hobbing/Milling Machines, Thread Millers, CNC Lathes, Shop Tools, and More

Auction Date: Tuesday, December 6, 2022

Auction Time: 10:00 am Central Time

Inspection Date: Monday, December 5, 2022

Inspection Times: 9:00 am to 3:00 pm Central Time

Asset Location: There are two locations of the assets for this auction:

Location 1: 218 N. Sidney St., Houston, TX 77003 (the majority of the assets are at this location)

Location 2: 4232 Mooney Rd., Houston, TX 77093

Call 713-462-5800 for directions, and which machines are at each location

Removal Deadline: Tuesday, December 20, 2022 by 3:00 pm Central Time (No Exceptions).  NO REMOVALS ON WEEKENDS.

Hand carried items should be removed starting on Wed., Dec. 7 and completed by Fri., Dec. 9.

Harris Auctions (AUCTIONEER) Terms & Conditions for Timed Online Auction: Surplus Assets to Ongoing Operations of C-B Gear & Machine, Inc.-Gear Hobbing/Milling Machines, Thread Millers, CNC Lathes, Shop Tools, and More. SELLER is defined as the legal owner of the assets contained in the auction, note that the AUCTIONEER and the SELLER may at times be the same entity. AUCTIONEER may have a principal interest in this sale. SELLER reserves the right to bid at this auction.  BUYER is defined as the winning Bidder of a particular lot or item at the auction. 

Buyer’s Premium:  A Buyer’s Premium of 18% will be charged to all purchases at this sale.

Registration: All bidders are required to give full name, address, company name, contact information (phone, fax, and email), and bank information when registering for this auction.  A credit card (MasterCard / Visa / American Express) is required to be on file when registering for this auction.

Note that the AUCTIONEER does not accept credit card payments for any purchases. 

Payment: Upon notification of being the successful bidder, BUYER WILL HAVE 48 HOURS TO PAY IN FULL.  AUCTIONEER accepts the following payment types:

Wire transfer

Company check

Cashier’s check

NO CREDIT CARD PAYMENTS.

ALL company checks MUST be accompanied by a bank letter of guarantee made out to Harris Auctions.  For Company Checks, please HAVE YOUR BANK use this SAMPLE format:

THIS BANK HEREBY GUARANTEES PAYMENT OF CHECKS PAYABLE TO HARRIS AUCTIONS, FROM (NAME OF CUSTOMER) ON ACCOUNT #____ UP TO THE AMOUNT OF ____. THIS LETTER IS VALID FOR PURCHASES MADE AT THE AUCTION OF ____ ON ____(DATE). 

Fax all letters to (713) 462-8222 or email to sales@harris-auctions.com 

ALL INTERNATIONAL BUYERS MUST PAY BY WIRE TRANSFER.  The full purchase price (including Buyer’s Premium, any applicable Loading and/or Rigging charges, taxes, or other applicable fees) on all items to the same buyer must be paid within the time fixed and before removal of any of the goods.

Taxes: Sales Tax of 8.25% will be charged to all purchases at this auction (Hammer Price only, not the Buyer’s Premium) and reflected on the Buyer’s invoice.  8.25% Sales Tax must be paid on the Hammer Price, unless the BUYER can provide a valid and appropriate Texas State Sales Tax Exemption or Resale Certificate, a bill of lading from a common or contract carrier showing delivery to a location outside of Texas, or a bill of lading showing the goods were exported outside of the United States.

Asset Location: There are two locations of the assets for this auction:

Location 1: 218 N. Sidney St., Houston, TX 77003 (the majority of the assets are at this location)

Location 2: 4232 Mooney Rd., Houston, TX 77093

Call 713-462-5800 for directions, and which machines are at each location

(NO ONSITE BIDDING) 

Additional information may be obtained by contacting Harris Auctions (713-462-5800) or sales@harris-auctions.com. 

Addition to or Withdrawal from Sale: The AUCTIONEER reserves the right to withdraw from sale any of the items, to sell at this auction items not listed, to group one or more lots into one or more selling lots, or to subdivide into two or more selling lots. The AUCTIONEER also reserves the right to sell all of the items listed in bulk.

Absentee Bidding: Absentee bids may be presented to the AUCTIONEER in writing and must be accompanied by 25% of your bid in certified funds with full payment on any winning bids due ONE DAY after notification of your successful bid. Absentee bids are subject to all terms and conditions of the sale as listed herein or announced at the auction sale. All absentee bids are held in confidence.

Dispute Between Bidders: If there is any dispute between two or more bidders, the AUCTIONEER may decide the winning bid for the sale or may resell the item(s) by immediately putting them up for sale again. The decision of the AUCTIONEER shall be final and absolute.

Inspection of Machines: BUYERS are encouraged to make a personal inspection of any and all items they intend to bid on.  Bidders may arrange to inspect the machines by calling 713 462-5800.  INSPECTION OF MACHINES FOR THIS AUCTION IS SET FOR: Monday, December 5, 2022, from 9:00 am to 3:00 pm Central Time. Location of the assets in this auction is provided at the top of this document. 

Removal: The deadline for removal of ALL items at this auction is:TUESDAY, DECEMBER 20, 2022 BY 3:00 PM CENTRAL TIME (NO EXCEPTIONS).  NO REMOVAL ON WEEKENDS.  No item(s) will be allowed to be removed from the site without PROOF OF PAYMENT FOR SAID ITEM(S). NO ITEMS ARE TO BE REMOVED UNTIL THE AUCTION IS COMPLETED.  ANYONE USING A POWERED VEHICLE OR LIFT OF ANY KIND TO REMOVE ANYTHING FROM THE AUCTION SITE WILL NEED APPROVAL AND A CERTIFICATE OF LIABILITY INSURANCE IN THE AMOUNT OF 1,000,000 USD, NAMING HARRIS AUCTIONS AND SELLER(S) AS ADDITIONALLY INSURED.  Removal arrangements MUST BE MADE IN ADVANCE and FIRM APPOINTMENT TIMES FOR REMOVAL WILL BE ASSIGNED.  Removal of any and all items is at the expense, risk and liability of the BUYER.

Removal of hand ccaried items should start on Wed., Dec. 7 and be completed by Fri., Dec.9.

Transportation: Freight, transportation, and pick-up will be the responsibility of the BUYER. ALL PURCHASED ITEMS MUST BE REMOVED BY THE BUYER NO LATER THAN THE DATE SPECIFIED HERE. The BUYER is responsible for arranging all transportation and ensuring the transport vehicle(s) is/are capable of carrying the purchased item(s).  ANY CHARGES FOR RIGGING AND/OR LOADING THAT APPLY TO ANY ITEM(S) WILL BE THE RESPONSIBILITY OF THE BUYER.  All Bidders are encouraged to obtain estimated Rigging / Loading charges prior to bidding and before arranging transportation. 

Rigging Companies for this Auction:

RES Machinery Movers LLC
resmachinery@aol.com
Lisa Office: 713-408-3309
Roy Scroggins 713-409-5307

J Mor Machinery Movers, Inc.
Juan Moreno juanmoreno@jmorinc.com
Cell: 817-456-3124
Direct: 830-241-5451

GM Trucking, LLC Equipment & Machinery Movers
Gerardo Moreno gmorenojr@gmtruckingllc.com
Cell: 832-368- 8731

Amber Trevino atrevino@gmtruckingllc.com
Cell: 281-602-9519

NOTE: CUSTOMER MAY USE THEIR PREFERRED RIGGER PROVIDED THAT THE PROPER INSURANCE INFORMATION AS BEEN PROVIDED TO THE AUCTIONEER PRIOR TO REMOVAL OF ANY ITEMS BY THAT RIGGER.

Please Note: The Auction Company DOES NOT Load or Ship Any Items. 

Abandonment: If item(s) are not picked up within the published time period set forth in this document, or other arrangements are not agreed upon by both BUYER and SELLER, SELLER reserves the right to restock, resell or otherwise dispose of said item(s) at SELLER’S sole discretion, with no refund to BUYER of any monies received.

Installation: Installation of machines, equipment or any purchased item at any destination location, is NOT INCLUDED, nor provided. 

Condition of Items: All items offered in this auction are offered “AS IS”, “WHERE IS”, “WITH ALL FAULTS”, "EX WORKS".  All items are USED unless otherwise noted in the catalog or conveyed by the AUCTIONEER.  The descriptions and images included in the printed or online catalog, printed, online or published brochure, or any other marketing or promotional materials related to the auction, are true and correct to the best of AUCTIONEER’S knowledge at the time of publication.  However, AUCTIONEER SHALL NOT BE RESPONSIBLE for any incorrect description, typographical error, omission, or other errors with regards to the printed or online catalog, printed, online or published brochure, or any other marketing or promotional materials.  No sale shall be set aside nor allowance made on account of any incorrectness, error in cataloging, or any other error not hereby specified. Pictures are for representation purposes only, all pictures are intended only to show the item or lot to aid the BUYER in evaluating the item or lot.  ALL PROSPECTIVE BIDDERS ARE ENCOURAGED TO INSPECT THE ITEMS AND LOTS PRIOR TO THE AUCTION. 

Warranty: All items offered in this auction are offered “AS IS”, “WHERE IS”, “WITH ALL FAULTS”, "EX WORKS".  No warranty, expressed or implied is included with any item offered here.  The SELLER expressly disclaims any warranty as to fitness or usability of all items, and the BUYER expressly waives any claim in respect to any possible future use of any item purchased for any purpose whatsoever.

Indemnification: BUYER agrees to indemnify and hold AUCTIONEER and SELLER harmless from and against all claims and liabilities relating to the condition or use of the items purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such items, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.

Compliance with Terms of Sale: By becoming the winning bidder, you are now the legal BUYER of that item or items.  This is a legally binding contract to purchase said item(s) and you are obligated to complete the transaction by promptly paying for the item(s) in accordance with the instructions set out in this document.  In default of payment of bills in full within the time herein specified, the SELLER, in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages.  Items not paid for or removed within the time set forth in these Terms & Conditions, or separately agreed upon by BUYER and SELLER, may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting BUYER.

Additional Terms and Conditions: The auctioneer may add other terms and conditions of sale, such additional terms and conditions to be announced prior to the auction. If you require assistance, please contact Harris Auctions at 713-462-5800, or sales@harris-auctions.com. 

U.S. CUSTOMS DISCLAIMER: These items are controlled by the U.S. Government and authorized for export only to the country of ultimate destination for use by the ultimate consignee or end-user(s) herein identified. They may not be resold, transferred, or otherwise disposed of, to any other country or to any person other than the authorized ultimate consignee or end-user(s), either in their original form or after being incorporated into other items, without first obtaining approval from the U.S. government or as otherwise authorized by U.S. law and regulations.