Commissioner's Sale
Equipment Auction
Monday, February 17th at 11:00am
Auction will be held at Chuck's Towing
197 South Franklin Road, Mount Airy, NC
Preview: Friday, Feb. 14th 1-3pm
4 Lots
1) 1986 Ford F350 Truck, VIN# 1FDJF37Y6GNB29093
6 cylinder, gasoline, engine 4900cc, 4 speed (manual), dump bed, 4x2 wheel, Odometer reads 172,952 miles
2) 1845 Case, Uni-loader, Serial # JAF0332890, 5135 hours
3) Case 580 Super M, Serial # JJG0280158, 3334 hours
4) Tandem Equipment Trailer, 20 Ton, DL 2075 7206
10% Buyer's Premium
All high bids will be confirmed by commissioner on February 18th. Vehicles must be picked up at buyer's expense within 24 hours after confirmation.
ATTENTION: New NC Department of Revenue TAXES MUST BE COLLECTED! In addition to the 10% Buyer's Premium, we must collect 6.75% sales tax unless you provide a VALID EXEMPTION on NCDOR form E-595E. This form will be required by ALL BUYERS. You can download the form under documents. We apologize for the inconvenience. We were notified after this auction was already advertised.
Dale Fulk, Auctioneer/Sale Manager
NCAL #685
PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.
Equipment must be removed at buyer’s expense within 24 hours of confirmation by commissioner, which will be completed on Tuesday, February 18th. Equipment may not be removed from sale site until confirmation has been completed on Feb. 18th
CATALOG: The catalog is provided as a convenience and each item of merchandise or personal property is often referred to as a "lot". A “lot or lot number” may have several pieces included or may be only one item. Please inspect each lot of personal property and merchandise prior to bidding. Descriptions are believed to be correct but are not guaranteed to be.
AS IS - Everything sells "AS IS" with no warranties given or implied. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, quality, condition, age, color, or usefulness of lots sold in the auction. Everything sells with all faults, conditions, damage, defects, and flaws. The buyer will take the assets, personal property, items, lots or merchandise in the condition existing.
REMOVAL FROM PREMISES – Equipment must be removed at buyer’s expense within 24 hours of confirmation by commissioner, which will be completed on Tuesday, February 18th. Equipment may not be removed from sale site until confirmation has been completed on Feb. 18th. If you do not remove purchases at the stated times you will forfeit your purchases back to the seller. YOU MUST HAVE YOUR LOTS CHECKED BY AUCTION STAFF WITH YOUR PAID RECEIPT prior to removing from the site. STARTING BIDS – The auctioneer reserves the right to start the bids on all lots.
ALL SALES FINAL - No claims can be made after the auction and no refunds will be given.
ORDER OF SALE - At most auctions the auction follows the lot order in sequence.
RECORDS - The records of the bookkeeper are final in case of a disagreement over the bid price for any lots. Auctions may have audio recordings for backup records.
PAYMENT - Terms of Payment are cash or certified check only. If a buyer fails to pay in full for their purchases, the account will be turned over to a collections agency.
POSSESSION/REMOVAL- The auction company may HOLD LOTS NOT PAID FOR IN FULL OR NOT PAID WITH FUNDS AS STATED ABOVE. Bidders that comply with the terms of payment may remove their lots after confirmation by commissioner on Feb. 18.
ABSOLUTE / RESERVE AUCTION - All lots or merchandise will be sold subject to confirmation.
BUYER'S PREMIUM - A Buyers Premium of 10% is added to the last and highest bid to determine the purchase price.
Uniform Commercial Code:
Section 2-328 of the UCC provides federal law regarding a sale by auction. The code reads that a sale by auction is complete when the auctioneer so announces by the fall of hammer or in other customary manner. A bid is a legal binding contract between the bidder and auctioneer. Reopening a bid is at the sole discretion of the auctioneer. Failure to complete a payment in good faith, stopping payment on checks or refusing to pay for goods purchased at the auction may result in legal action against the buyer and may result in the collection being turned over to a collection agency.
Qualified Bidders:
“Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.”
DISPUTED BIDS AND INCREMENTS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder. The auctioneer has the sole discretion to determine the auction bidding increments.
QUALIFIED BIDDERS:
Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.
DEFAULT BY HIGH BIDDER/BUYER: In the event of a default by the bidder/buyer the seller may resale the property to another bidder/buyer and in the event the property sells for less money than the original price the seller may seek the difference from the original bidder/buyer. The seller may have other rights to pursue damages or costs from the defaulted bidder/buyer as allowed by law.
DISPUTES: Any disputes that arise between the auction company, the seller, the seller's agents and the buyer will be dealt with by arbitration in Surry County, North Carolina.
DISCLAIMER: The auction company provides data, advertising, that is believed to be correct but it is not guaranteed. Bidder's should rely on their own inspections and due diligence prior to bidding. Everything sells strictly AS IS. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the merchandise or real property sold online. Buyer agrees that buyer may not cancel purchase for any reason.
The bidder agrees to all terms and conditions of the auction and should read the detailed terms.
LICENSES: NC Firm #685, VA Firm #2, SC Firm # 1874
