Online Sales Terms and Conditions:
All bidders and other participants of this auction agree that they have read and fully understand these terms and agree to be bound thereby.
Guaranty Waiver: All property is offered for sale AS IS, WHERE IS. The HACVB (seller) makes no warranty, guaranty, or representation of any kind, expressed or implied, as the merchantability or fitness for any purpose of the property offered for sale. The BUYER is not entitled to payment for loss of profit or any other money damages – special, direct, indirect, or consequential.
Description Warranty: SELLER warrants to the BUYER that the property offered for sale will conform to its description. Any claim for mis-description must be made prior to removal of the property. If SELLER confirms that property does not conform to the description, SELLER will keep the property and refund any money paid. The liability of the HACVB shall not exceed the actual purchase price of the property. Please note that upon removal of the property, all sales are final.
Personal and property risk: Persons attending during exhibition, sale or removal of goods assumes all risks of damage of or loss to person or property and specifically release the seller and Central Auction House, Ltd. from liability therefore.
Inspection: Most items offered for sale are used and may contain defects not immediately detectable. Bidders may inspect the property prior to bidding. Bidders must adhere to the inspection dates and times indicated in the item description. Please contact Sondra Corbitt, Executive Director or Lindsey Fruge, Office Manager at (985) 868 – 2732 to schedule an inspection.
Consideration of Bid: HACVB reserves the right to reject all bids and to withdraw from sale any of the items listed.
Payment: Payment in full is due no later than seven (7) business days from the time and awarding date. The bidder will not be allowed to bid on Seller’s merchandise again. All payments must be made from a United States Financial Institution, acceptable forms of payments are:
• Certified Cashier’s Check
• Money Order
• Company Check (with Bank Letter guaranteeing funds – mandatory)
Items will not be released to bidder until payment is made in full.
Buyers are expected to pay for and pick up property within seven (7) business days of the award. If a Buyer pays for the property within seven (7) business days, but, does not pick it up within that timeframe, he is subject to pay storage fees as specified above. If property is not removed within thirty (30) days of the award, Buyer will lose any and all money paid for the property including storage fees. Should this event occur, the Seller will also block the Buyer from future bidding on Seller’s merchandise, cancel the sale of any other awards pending payment and re-auction the item(s) involved.
Vehicle Titles: Seller will issue a title or certificate upon receipt of payment. Titles may be subject to any restrictions as indicated in the item description on the website. HACVB will not issue replacement titles.
NO PERSONAL CHECKS FOR CASH WILL BE ACCEPTED. Acceptable forms of payment shall be made payable to: Houma Area Convention & Visitor’s Bureau.
Escrow Payment: When the purchase price (of a single item or the aggregate purchase of multiple items) total $ 5,000.00 or greater, the Seller may require a down payment from the winning Buyer. This non-refundable fee will be 20% of the total purchase price. When the Seller exercises this option, the Buyer will have forty-eight (48) hours from the time of the awarding issuance to comply with this requirement. If the Buyer fails to comply with this requirement within the stated time, the Seller can declare they Buyer in default, bar them from further bidding and have them remove from the Central Auction House, Ltd. system. If the Buyer is in default, Seller may negotiate with the next closest bidder, relist at another auction and/or pursue all legal proceedings. All monies collected in escrow, will be deducted from total monies due at the time of final payment.
Removal: All items must be removed within seven (7) business days from the time and date of the award issuance notification. Purchases will be released only upon receipt of any and all property awarded to them from the place where the property is located as indicated on the website. The Buyer will make all arrangements and perform all work necessary, including packing, loading, and transportation of the property. Under no circumstances will the HACVB assume responsibility for packing, loading, or shipping. Property may be removed between the hours of 9:00 a.m. and 5:00 p.m., Monday through Friday, excluding legal holidays. A daily storage fee of $ 20.00 per business day may be charged for any item not removed within the seven (7) business days allowed and stated on the awarding issuance.
Default: Default shall include the failure to observe these terms and conditions; failure to make good a timely payment; failure to remove all items within the specified time. Default may result in termination of the contract and suspension from participation in all future sales until the default has been cured. If the Buyer fails in performance of their obligations. Seller may exercise such rights any pursue such remedies as are provided by law. Seller reserves the right to reclaim and resell all items not removed by the Buyer thirty (30) days from the expiration of specified removal date.
Acceptance of Term and Conditions: By submitting a bid, the bidder agrees that they have read, fully understand and accept these Terms and Conditions of Online Sales and agree to pay for and remove the property. If the bid is accepted, by the dates and times specified. These terms and conditions are displayed with each item listed online with Central Auction House, Ltd.
State/Local Sales and/or use Tax: Buyers may be subject to payment of State and/or local sales and/or use tax. Buyers are responsible for contacting the appropriate tax office, completing any forms, and paying any taxes that may be imposed.
Sales to Employees: Employees and the immediate family members of the HACVB may not bid on the property listed for auction.