SURPLUS MACHINERY AND EQUIPMENT OF SURFACES LAVAL AUCTION #2
Auction Date: lots start closing on Thursday, December 5th at 12 Noon EST
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Terms and Conditions
*** A DEPOSIT OF 25% OF WHAT YOU EXPECT TO SPEND IS REQUIRED IN
TO BE APPROUVED TO BID *** PLEASE CONTACT US.
TERMS AND CONDITIONS OF SALE
Subject to amendments and modifications announced by the Auctioneer
time of the auction, any person participating in the auction shall be
the following terms and conditions:
1. A deposit equal to 25% of purchases shall be made at the time of
The balance of the purchase price must be paid in full before or
after the conclusion of the auction. All payments shall be by way of
certified cheque or letter of credit payable to CIACPCC Inc. Deposits on
of purchases may be made in advance of the auction and the balance
will be returned immediately thereafter in the event of non-purchase.
Auctioneer reserves the right to put articles back up for auction if
deposit is not
received at or before the time of sale.
2. Taxes arising on a sale, including applicable federal and provincial
taxes, shall be paid to the Auctioneer at the time of sale. Purchasers
exemptions from taxes shall provide proof satisfactory to the Auctioneer
their entitlement to claim such exemption. In the absence of proof
to the Auctioneer taxes shall be paid by the purchaser.
3. All articles will be sold to the highest bidder conforming to the bid
process, provided that the Auctioneer reserves the right to sell articles
individual or group lots and ?EN BLOC? as he deems appropriate.
Auctioneer reserves the right to sell on behalf of third parties, its own
or on the account of others. Should any dispute arise between two or
bidders or as to any bid, the lot in question may, at the Auctioneer?s
discretion, be immediately put up again and resold. The Auctioneer
regulate all matters relating to the conduct of the auction and his
be final and binding on all bidders.
4. Auctioneer reserves the right to sell subject to reserve and to
its own account and or for the account of others, whether by verbal or
proxy, all subject to prior sale.
5. All sales shall be concluded on the fall of the hammer or as
indicted by the
Auctioneer and no purchaser may thereafter revoke his bid. Title to the
purchased shall not pass until payment in full of the purchase price is
6. ALL SALES ARE FINAL, ON
?AS IS ? WHERE IS?, ?IN PLACE?, ?WITH ALL FAULTS? BASIS WITH
NO CONDITIONS OR WARRANTIES, WHETHER EXPRESSED, IMPLIED,
OR OTHERWISE INCLUDING WITHOUT LIMITATION, WARRANTIES OR
CONDITIONS AS TO TITLE, DESCRIPTION, FITNESS FOR PURPOSE,
QUALITY, MERCHANTABILITY, STATE, CONDITION, LOCATION OR
NO SALE SHALL BE INVALIDATED BY REASON OF AND THE AUCTIONEER
HAVE NO LIABILITY FOR A MISDESCRIPTION OF ANY ARTICLE OR LOT
CONTAINED IN A CATALOGUE, ADVERTISEMENT OR OTHERWISE.
HAVE BEEN PREPARED FOR GUIDE PURPOSES ONLY AND SHALL NOT BE
UPON BY THE PURCHASER FOR ACCURACY AND COMPLETENESS. PLEASE
INSPECT ALL ITEMS BEFORE BIDDING. PURCHASERS SHALL BE DEEMED TO
RELIED ENTIRELY UPON THEIR OWN INSPECTIONS AND INVESTIGATIONS.
7. No article shall be removed unless paid for in full and all articles
purchased shall be removed within 3 days of the auction date. The
shall be responsible for all costs of removal and shall be liable for any
including without limitation, any environmental damage, caused during
or as a
result of the removal. Purchasers shall comply with all environmental
regulations and all requirements established by the Auctioneer for the
or articles, including requirements as to bonding of movers.
8. Where available documents of transfer, including motor vehicle
documents, which are in the possession of the Auctioneer, will be
the purchaser within seven days following the auction or as soon
such documents are available.
9. The Auctioneer reserves the right to refuse any applicant the
bidding or attending at the auction and may revoke such privilege at any
10. If the Auctioneer is unable to deliver an article sold to a purchaser
fire, theft or any other reason whatsoever, the Auctioneer shall
purchaser for all monies paid to the Auctioneer in respect of the article
Auctioneer shall have no further liability to the purchaser arising from or
relating to such loss, including without limitation any damages for loss
11. Time shall be of the essence. If a purchaser fails to make payment
remove goods within the time periods hereinabove provided, the
may resell the article purchased by auction, private contract or
otherwise, as the
Auctioneer in his discretion deems advisable, and the purchaser shall be
for the shortfall and all costs and expenses, including but not limited to
rates (a minimum of 1.5% per month or 18% per cent per annum), legal
moving and storage (a minimum rate of $2.00/sq. ft. per month) and
commissions, incurred in such resale.
12. No purchaser may assign, transfer or dispose of his rights in any
purchased before he has paid the purchase price in full.
13. As security for the performance of any and all obligations of the
under this agreement (including, without limitation, the payment of the
referred to in paragraph 1 above), the Purchaser does hereby authorize
Auctioneer to debit the credit card account described on tear off. The
Auctioneer may debit from the said account the amount(s) of the
balance of the purchase price and/or taxes due by the Purchaser if said
amounts are not paid in full before, during or immediately after the
14. The terms and conditions together with any amendments or
expressly made by the Auctioneer at the time of the auction constitute
terms and conditions with respect to the sale of articles at this auction.
are no representations, warranties, terms, conditions, undertakings or
agreements except as hereinabove provided.
A 18% BUYERS PREMIUM WILL APPLY ON ALL PURCHASES.