![]() 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. (c) paying to LTC Auctions LLC the balance of the Purchase Price in full within forty-eight (48) hours after the auction sale for all lots purchased. (b) immediately making a deposit of not less than twenty-five percent (25%) of the Purchase Price, and (a) assuming full risk of loss and responsibility thereof, (see Item 8 below), A sale to the highest Bidder shall be complete upon theĪuctioneer’s call, with the highest Bidder purchasing the offered lot, in accordance with all the conditions set forth herein, including Purchaser: Purchaser must provide all tax exemption informationto LTC Auctions LLC at least 24 hours prior to the auction closeor taxes will be added to the Purchase Price.ģ. Unless exemption from such taxes is established to the satisfaction of LTC Auctions LLC, any Purchaser claiming an exemption will be required to pay the tax to LTC Auctions LLC and seek a refund directly from the taxing authorities. (c) unless Purchaser is exempt by law from the payment thereof, any Federal, State or local sales taxes (or compensating use tax of another State), and any other applicable taxes. (b) the Buyer’s Premium of fifteen percent (15%) and Lot is knocked down to the Purchaser, and the term “Purchase Price” means the aggregate of As used herein, the term “Bid Price” means the price at which a No person shall have any claim against LTC Auctions LLC, 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. Flammable, noxious, corrosive and pressurized substances may be present, heavy equipment may be in operation, and electric circuits may be live.Įvery 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. Bidder acknowledges that an auction site is a Under these Terms and Conditions, the term “Bidder” and “Purchaser” shall be used interchangeable and be one of the same.ġ. LTC Auctions LLC strongly recommends to all bidders to thoroughly inspect all items before the auction on which bidder intends to bid. The following constitutes the entire terms and conditions on which property listed in the auction sale catalogue shall be offered for sale or sold by LTC Auctions LLC, and any consignor of such property for whom LTC Auctions LLC acts as agent.
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