Terms of Bidding and Sale
- INSPECTION: All merchandise is available for inspection prior to sale. The Buyer agrees to rely exclusively on his pre-auction personal inspection of the property.
- NO WARRANTIES: All property is being sold AS-IS, WHERE-IS and with all faults. No Warranty of Quality, Condition, Merchantability is given. There is no warranty of fitness for a particular purpose. All information contained herein is true and correct to the best of our ability, but is in no way guaranteed.
- AUCTION SITE: Buyer acknowledges responsibility for any personal injury and property damage caused by buyer or his agent and further agrees to hold Yellow Iron Auctions, Inc, harmless for any personal injury to himself or his agents and any property damage incurred on sale premises.
- INSURANCE: The Buyer will obtain full liability insurance on all purchased property as required by law.
- RISK OF LOSS: The Buyer takes delivery, takes full responsibility and assumes all risk of loss for all property purchased from the time Yellow Iron Auctions Inc, accepts the Buyers Bid. Auctioneers shall not be responsible for loss or damage to any purchase.
- PAYMENT: Cash/cashiers check/Personal or Company Checks will be accepted, and must be made payable to Yellow Iron Auctions, Inc. Your signature stands as a guarantee of payment for all items purchased and that your check will be honored when presented for payment at your Financial Institution. Bank drafts can be accepted only if accompanied by a letter from your bank containing full information and agreeing to pay the draft on sight. There will be a $50.00 service fee for anyone paying by a draft, or returned checks.
- SALES TAXES: All sales of non-road use vehicles are subject to Missouri Sales Tax unless you have a proper Resale Exemption Certificate or a Farm Exemption. A copy must be provided at time of registration if you are a Dealer for Re-sale. This certificate must bear your company identification and a Sales Tax Permit Number. Without this information you or your company will be required to pay Missouri Sales Tax on all purchases.
- TERMS OF SALE: FULL SETTLEMENT SHALL BE MADE ON SALE DAY, ALL SALES FINAL. The United States and State Laws and Penalties for failure to settle and pay shall apply. Settlement to be made in U.S. Funds. Payment for purchases by personal or company check must be accompanied with proof of identity.
- TITLES: All Titles and Registration Certificates will be mailed to the buyer within ten (10) business days after payment is received. State Law requires all titles be filled in to the purchaser.
- NON-U.S. BUYERS: Buyers from outside of the U.S. that do not have United States bank accounts will be required to pay in U.S. funds by wire transfer directly from their Financial Institution. It is the responsibility of the buyer to contact their customs broker regarding export/import modifications to meet export/import safety regulations.
- RECEIPT: A receipt/invoice will be issued to the Buyer at the time of sale. This receipt/invoice must be presented to authorized personnel before any item can b e removed from the auction site.
- EQUIPMENT REMOVAL DATE: The Buyer agrees to remove all purchased property from the Auction Site as stated in the Buyers Guide and acknowledges receipt of the Buyers Guide and agrees to the additional terms and conditions set forth therein. DEADLINE FOR REMOVAL IS STATED ON BUYERS GUIDE. NO SUNDAY REMOVALS!
- REVOCATION/DISPUTES: Yellow Iron Auctions, Inc. reserves the right to revoke any bid card at any time and shall designate the purchaser after each item of merchandise is auctioned; if a dispute arises between two or more bidders, the Auctioneer reserves the right to reopen the bidding. The Auctioneer's designation of a buyer shall be final. The Auctioneer has the right to withdraw any item prior to the auction without any liability. The Auctioneer reserves the right to reject any bid not proportionate with the value of any item offered.
- ABSENTEE BIDS: If you want to buy a major item or items in this brochure but are unable to attend, call 417-866-6887 and FAX 417-886-3000 your bid to place an Absentee Bid before the auction with a minimum 25% deposit of bid price. Absentee Bids must be in excess of $5,000.00.
- UTILITY DISCONNECTS: The buyer is responsible for properly disconnecting all utilities including electric, water, gas, air so as not to create a hazard of any kind. The starter box for each machine goes with the machine. If any shelving is attached to the wall of the building, it is not included as part of the sale. No electric wires shall be left exposed. All wires shall be disconnected at the breaker in the utility breaker box. If an electrician, plumber or mechanic is required to secure any of the equipment or utilities, as mentioned above, to complete the disconnect(s), it will be at the expense of the purchaser.
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