| Terms of Sale:
Cash payment in
full day of sale, in the form of U.S. currency, or guaranteed funds in the form of
cashier's checks or certified checks, or by wire transfer to Auctioneer's escrow account.
Personal or company checks must be accompanied by bank letter guaranteeing payment if you
are unknown to us. We do not accept credit cards or debit cards at this
time. We no longer accept "convenience" checks drawn on credit
cards since our bank will not process them. All items are sold "as is" and "in place" and
"with all faults". No property is to be removed until paid for in full. Please
settle with the cashier within 15 minutes after the close of the sale. The Auctioneer reserves
the right to add to, split, bunch up, or delete lots during the course of the auction
sale. Sales tax will be charged where applicable. Leased items, if any, are sold subject
to Lessor's approval.
A 10% Buyer Fee will be added to all
purchases.
Absentee Bids: If you are unable to attend the auction sale, we can bid
for you. You must submit a blank check accompanied by a bank letter guaranteeing payment
to Cotten Commercial Auctioneers, Inc. in the amount of your maximum bid plus the Buyer's
Fee, if applicable. We will bid for you as if you are actually present.
Inspection: Inspection from 8 AM on sale day. Although every effort has been
made to publish reliable information regarding the property to be sold, Cotten Commercial
Auctioneers, Inc. makes no warranty, expressed or implied, as to the accuracy of the
information contained herein. For this reason the buyers should avail themselves of the
opportunity to inspect the property to be sold prior to the auction sale. Any
announcements made day of sale shall take precedence over prior advertising or printed
matter.
Removal of Purchases: All purchases must be removed from the premises
before 5pm May 26, 2006. All purchases become the Buyer's responsibility at the time
of sale, and the Seller and the Auctioneer assume no responsibility or liability for loss,
damage, or injury to persons or property before, during, or after the auction sale. Movers
and riggers must provide a valid certificate of insurance prior to dismantling any
equipment.
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