AUCTION AND REALTY
TERMS AND CONDITIONS OF SALE
MEMPHIS CITY SCHOOLS AUCTION
1384 FARMVILLE ROAD
Please note-All bidders and others that attend this auction
preview or sale agree that they have read and fully understand
these terms and conditions and agree to comply with them.
All items are being sold “As Is” and “Where
is” without recourse.
Payment terms-Purchase price must be paid immediately. Methods
of payment are: Cash, Cashier’s check, Personal or Company
check. Personal or company checks must be accompanied by a bank
letter of credit. All sales are final.
Announcements-Changes announced on sale day take precedence
over any information previously provided.
Agency-The auctioneer is acting as the seller’s agent
only and is not responsible for the acts of his principals.
Identification-All purchasers are required to present identification
to receive a bidder’s number. The auctioneer has the right
to remove anyone who is disruptive to the auction process or
poses a risk to himself or others.
Additions or withdrawals-The auctioneer reserves the right to
withdraw from the sale any of the items listed or to sell at
auction items not listed, and also reserves the right to group
one or more lots into one or more selling lots or to subdivide
into two or more selling lots.
Dispute between bidders-If any dispute arises between two or
more bidders over who had the winning bid the auctioneer will
decide who is the successful bidder or may immediately put the
lot up for sale again and resell to the highest bidder. The decision
of the auctioneer will be final and absolute.
Condition of items sold-The auctioneer will not be responsible
for the correct description, authenticity, genuineness, or defect
in anything being sold and makes no warranty in connection therewith.
No allowance will be made or sale set aside because of any incorrectness,
error in cataloguing, or any imperfection not noted. No deduction
will be allowed on anything sold.
Additional terms and conditions-Any additional or changes to
terms and conditions of sale will be announced prior to the auction.
Personal and property risk-Persons on site during inspection
or the day of the auction or any other times assume all risks
of damage to their property or injury to themselves. They specifically
release the auctioneer and seller from any liability. Neither
the auctioneer nor his principal will be liable by reason of
any defect in or condition of the premises on which the sale
Records-The record of sale kept by the auctioneer and Memphis
City Schools will be taken as final in the event of any dispute.