Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2010-09-07

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http://www.keyauctioneers.com

Name

Rodgers Finishing Tools

Where

1120 South Patterson
Lebanon IN USA

When

Tuesday, August 10th, 2010
Scheduled start time: 9:00 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: USD IF/BP:15.0%

Contact

Phone: 317-244-3728
Email: info@keyauctioneers.com

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What would you like to do?
Preview Inventory & Place Bids (97 items)	Learn how to bid!
First time BidSpotter.com registration!	Register for this auction!(current BidSpotter.com registrants)

COMPLETE LIQUIDATION OF METAL WORKING AND FINISHING SHOP. NICE ASSORTMENT OF MACHINERY ALL NO RESERVE.

Terms of Sale

1. NO WARRANTIES – Everything 
is sold “AS IS / WHERE IS” 
with no warranties, 
representation or guarantees 
expressed, implied, or 
otherwise given.

2. SALES TAX – Sales tax WILL 
NOT be charged.

3. ADDITION TO OR WITHDRAWAL 
FROM SALE – The auction 
company reserves the right to 
withdraw from sale any of the 
items; to sell at this auction 
items not listed; to group one 
or more lots into one or more 
selling lots or to subdivide 
into two or more selling lots. 
The auction company also 
reserves the right to sell all 
of the items listed in bulk.

4. PAYMENT – To bid, you must 
have verified funds available 
24 hours prior to the auction.  
Funds for your maximum bid 
amount plus buyer's premium 
may be made by Wire Transfer 
to be received no later than 
24 hours prior to the auction 
for your maximum bid amount.  
Your other option is to submit 
your Visa, MasterCard, Amex or 
Discover card information to 
be verified.  You will be 
required upon registration to 
specify an “up to” bid amount, 
which will be verified on your 
credit card.  Please note that 
the bank sets aside the 
verified funds for recapture 
by Auction Company if you are 
the successful bidder.  Your 
card will not be charged 
unless you are the successful 
bidder; however held funds may 
take a few days to become 
available again after 
verification.

5. DISPUTE BETWEEN BIDDERS – 
If there is any dispute 
between two or more bidders, 
the auction company or it's 
auctioneer, may decide the 
successful bidder, or may 
resell by immediately putting 
the lots up for sale again. 
The decision of the auction 
company, or its’ auctioneer, 
shall be final and absolute.

6. CONDITION OF ITEMS SOLD – 
All information is believed to 
be accurate, but the auction 
company shall not be 
responsible for the correct 
description, authenticity, 
genuineness of, or defect in, 
any lot, and makes no warranty 
in connection therewith. No 
allowances will be made or 
sale set aside because of any 
incorrectness, error in 
cataloging or any imperfection 
not noted. No deduction will 
be allowed on damaged articles 
as all goods being exposed for 
public exhibition are sold “as 
is” and without recourse.

7. BIDS – All bids are subject 
to all terms and conditions of 
sale as listed herein or 
announced at the auction sale. 
When a bid for all goods in 
its’ entirety is offered, the 
highest price gained for the 
goods will be considered the 
successful bid and all other 
bids on separate items shall 
be considered unsuccessful.  
All absentee bids will be held 
in confidence. Auction Company 
may have a principal interest 
in this sale. Third party 
creditors reserve the right to 
bid at this auction.

8. COMPLIANCE WITH THE TERMS 
OF SALE – In default of 
payment of bills in full 
within the time announced for 
this auction the auction 
company in addition to all 
other remedies allowed by law, 
may retain all monies received 
as deposit or otherwise, as 
liquidated damages. Lots not 
paid for within the time 
specified herein may be resold 
at public or private sale 
without further notice. Any 
resulting deficiency together 
with all expenses and costs of 
re-sale will be the 
responsibility of the 
defaulting purchaser. Each 
buyer in making a bid does 
herewith agree to comply with 
the terms and conditions as 
herein stated and as otherwise 
set forth. The failure or 
default by a successful buyer 
to fully comply with the terms 
and conditions herein will be 
treated as an immediate 
breach. Any deposit made shall 
be retained and applied toward 
any deficit in additional 
costs or charges as incurred 
to affect the resale of that 
property at private or public 
sale. There shall be no 
further notice required to the 
buyer once default has 
occurred. The obligation of 
the buyer shall be for costs 
as incurred, plus any deficit 
included arising from the 
buyers’ default.

9. AUCTION COMPANY – The 
auction company, when acting 
as Agent, is not responsible 
for the act of its principals.

10. OWNERSHIP – All items 
become the sole responsibility 
of the purchaser when 
auctioneer confirms your 
number as successful bidder.  
Although the auction company 
will exhibit reasonable care 
to safeguard purchases until 
removed by purchaser, no 
refunds or adjustments will be 
allowed for any shortages.

11. REMOVAL – Removal of 
purchased items shall be at 
the expense, liability, and 
risk of the purchaser. 
Purchases can be removed upon 
presentation of paid receipt 
to Auction Staff.  Purchases 
may be paid for and removed at 
any time during the auction as 
long as the auction is not 
disrupted by this activity. 
 
Dates/Removal Times:  The 
Buyer is responsible for the 
removal of all Merchandise 
purchased.  The Buyer is 
responsible to provide at its 
own sole cost and expense, any 
labor, materials, equipment, 
and other things or services 
necessary to remove the 
Merchandise.  Merchandise 
purchased by the Buyer must be 
removed within two (2) days of 
the close of the auction. Any 
Merchandise not removed within 
this time period may be stored 
by the owner of the Real 
Estate in such a manner as the 
owner of the Real Estate deems 
appropriate in its sole 
discretion. In the event that 
the Buyer does not remove the 
Merchandise within the time 
period set forth above, the 
Buyer shall be liable to the 
owner of the Real Estate for 
all costs and expenses in 
connection with such storage.  
Neither the Auction Company 
nor the owner of the Real 
Estate is responsible for any 
loss or damage to the 
Merchandise which is left on 
the Real Estate. The Buyer 
solely bears the risk of loss 
after the auction and during 
any period that the 
Merchandise is left on the 
Real Estate, and the owner of 
the Real Estate shall have no 
duty to preserve, protect, or 
otherwise care for the 
Merchandise.

Notwithstanding anything to 
the contrary contained herein, 
in the event that the Buyer 
has not removed the 
Merchandise within five (5) 
days after the close of the 
Auction, the Buyer expressly 
agrees that it shall have 
abandoned the Merchandise and 
the owner of the Real Estate 
shall dispose of the property 
as it chooses to do so in its 
sole discretion.  The Buyer 
further agrees that the 
Purchase Price shall be 
retained as liquidated damages 
and that the Buyer shall not 
pursue any action for the 
recovery of the Merchandise or 
the Purchase Price against the 
owner of the Real Estate, the 
Auction Company or any agent, 
employee, or representative 
thereof.

12. NON-DELIVERY 
RESPONSIBILITY & ABANDONMENT – 
Purchaser is responsible for 
removal of all their purchased 
items. No abandonment of 
purchased items is allowed. 
Purchaser will be responsible 
to pay the full cost of 
removal or disposal of 
abandoned items. Auction 
Company shall not, in any 
event, be liable for non-
removal or abandonment, or for 
any other matter to any 
purchaser of any lot.

13. PERSONAL AND PROPERTY RISK 
– Persons attending during 
exhibition, sale, or removal 
of goods assume all risks of 
damage or loss to person and 
property and specifically 
release and indemnify the 
auction company from liability 
therefore. Neither the auction 
company nor his principal or 
seller shall be liable by 
reason of any defect in, or 
condition of, the premises in 
which the sale is held.

14. RECORDS – The record of 
sale kept by the Auction 
Company and bookkeeper will be 
taken as final in the event of 
any dispute.

15. NOMINAL BIDS – Any bid 
that is merely a nominal bid 
may be rejected by the Auction 
Company, or the auctioneer may 
reject fractional advance, if 
in his judgment it may 
adversely affect the sale.

16. THE BUYER does hereby 
assume and does agree to 
indemnify and hold the auction 
company and seller harmless 
from any future claim that 
shall pertain to the fitness 
or use of that asset as being 
purchased.

17. ADDITIONAL TERMS AND 
CONDITIONS – Additional terms 
and conditions of sale may be 
added by Auction Company by 
announcement or posted on the 
premises prior to the auction.

18. BUYER’S PREMIUM – A 15% 
Buyer’s Premium will be added 
to the bid price for purchases 
made through Bidspotter.com.

19.	Buyer’s Responsibility 
for Damage. Buyer shall be 
responsible for any and all 
actual, consequential, and 
incidental damages to the Real 
Estate or other property 
located on the Real Estate 
caused directly or indirectly 
by the Buyer, his agent, 
employees, or independent 
contractors during rigging or 
removal.  The Buyer shall also 
be responsible for the 
reasonable attorney’s fees of 
any party that is forced to 
bring suit against the Buyer 
to enforce this paragraph or 
the terms and conditions of 
this Agreement.

20.	Governing Law 
Jurisdiction and Venue. Any 
dispute arising out of the 
Auction, the purchase of any 
Merchandise, the removal of 
any Merchandise, or anything 
in any way connected to this 
agreement, shall be governed 
by the laws of the State of 
Indiana. The Bidder/Buyer 
expressly agrees that any 
legal action shall be brought 
in the state court located in 
Indianapolis, Indiana and the 
Bidder/Buyer waives any right 
to assert the doctrine of 
“forum non-conveniens” or to 
object to venue under any 
other applicable statute, 
rule, or right.

COMPLETE LIQUIDATION OF METAL WORKING AND FINISHING SHOP. NICE ASSORTMENT OF MACHINERY ALL NO RESERVE.

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