ON-LINE AUCTION

BOBBY COTHRAN ESTATE & ROBERT H. COTHRAN

TERMS & CONDITIONS OF AUCTION
ENDING – TUESDAY – SEPTEMBER 17th, 2024 – 10 A.M.
4919 HOLLY GROVE ROAD

BRIGHTON, TN 38011

ALL BIDDERS MUST REVIEW THESE AUCTION TERMS, CONDITIONS, THE SPECIFIC TERMS AND AGREE TO ENTER BIDS ACCORDING TO THESE TERMS AND CONDITIONS. WHEN YOU PLACE A BID YOU AGREE TO THESE TERMS AS THEY ARE PRESENTED AND UPDATED.

1. THE PROPERTY LISTED AND DESCRIBED IN THE INVENTORY CATALOG WILL BE OFFERED UNDER THE FOLLOWING TERMS AND CONDITIONS OF SALE, WHICH TERMS AND CONDITIONS OF SALE AND DESCRIPTIONS OF ITEMS LISTED IN THE AUCTION CATALOG, MAY BE AMENDED, UPDATED OR ALTERED AT THE TIME AND DURING THE SALE BY THE AUCTION COMPANY.

2. THE CONSIGNERS IN THIS AUCTION ARE LORETTA GRAY COTHRAN & ROBERT H. COTHRAN.

3. THESE TERMS AND CONDITIONS OF SALE AND ANY ANNOUNCEMENTS FROM THE AUCTION COMPANY SHALL BE BINDING ON ANY BIDDER, WHETHER PRESENT, REPRESENTED BY AN AGENT OR ABSENTEE BIDDER. BUYERS ARE BOUND BY THESE TERMS AND CONDITIONS OF SALE.

4. TERMS OF SALE: ALL PROPERTY IS SOLD “AS-IS’ AND ‘WHERE-IS’ AND NEITHER ALEXANDER AUCTIONS & REAL ESTATE SALES NOR THE SELLER MAKES ANY EXPRESS OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND OR NATURE WITH RESPECT TO THE PROPERTY BEING SOLD. IN NO EVENT SHALL ALEXANDER AUCTIONS & REAL ESTATE SALES OR THE SELLER BE RESPONSIBLE FOR THE CORRECTNESS OF OR BE DEEMED TO HAVE MADE ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, FITNESS FOR PURPOSE, DESCRIPTION, SIZE, GENUINENESS, YEAR OF MANUFACTURE, ATTRIBUTION, PROVENANCE OR CONDITION CONCERNING THE PROPERTY OR ANY WARRANTY THAT ANY ITEM COMPLIES WITH ANY APPLICABLE FEDERAL OR STATE LAWS. NO STATEMENT SET FORTH IN THE ATTACHED LIST OR MADE AT THE SALE OR IN THE BILL OF SALE OR INVOICE OR ELSEWHERE, WHETHER ORAL OR WRITTEN, SHALL BE DEEMED SUCH A WARRANTY OR REPRESENTATION OR AN ASSUMPTION OF LIABILITY. ALEXANDER AUCTIONS & REAL ESTATE SALES MAKES NO REPRESENTATION OR WARRANTY AS TO THE ACCURACY OF THE DESCRIPTIONS OR REPRESENTATIONS WHICH WERE PROVIDED BY THE SELLER AND ARE LISTED ON THE ATTACHED OR AS TO THE CONDITION OF THE ITEM.

5. CONDITIONS OF ITEMS SOLD: ALL INFORMATION IS BELIEVED TO BE ACCURATE, HOWEVER THE AUCTIONEER 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 ON ACCOUNT 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.

6. ON-LINE BIDDING: A 10% BUYER’S PREMIUM WILL BE ADDED TO THE BID PRICE OF EACH ITEM TO REACH THE TOTAL SALES PRICE.

7. IT IS THE BUYER’S/BIDDERS RESPONSIBILITY TO HAVE INSPECTED THESE VEHICLES, TRAILERS, AND EQUIPMENT INVENTORY TO DETERMINE THE CONDITION AND VALUE YOU WANT TO PAY IN ITS CURRENT CONDITION.

8. FOR OPEN INSPECTIONS AND PICK-UP OF VEHICLES WILL BE LOCATED ONSITE AT 4919 HOLLY GROVE ROAD, BRIGHTON, TN 38011 5 MILES WEST OF COVINGTON, TN 38019.

9. LOG-IN OR REGISTER ONLINE AT WWW.ALEXANDERAUCTIONS.COM. WHEN YOU REGISTER, YOU MUST AGREE TO THE TERMS AND CONDITIONS AND ANY ADDITIONAL TERMS POSTED ON ALEXANDER AUCTION’S WEBSITE.

10. “EXTEND ALL BIDDING” FEATURE APPLIES. THE EXTEND-ALL FEATURE ALLOWS ALL LOTS TO REMAIN OPEN UNTIL THERE ARE NO MORE RAISES IN THE LAST 5 MINUTES ON ANY LOT IN THE AUCTION. ALL LOTS REMAIN OPEN FOR BIDDING UNTIL NO BIDS ARE RECEIVED IN THE LAST 5 MINUTES ON ANY LOT – ALL LOTS CLOSE AT THE SAME TIME.

11. EXTENDED BIDDING: EACH TIME A BID IS PLACED IN THE FINAL FIVE (5) MINUTES OF THE AUCTION, THE AUCTION ENDING TIME WILL BE AUTOMATICALLY EXTENDED FIVE (5) MINUTES FROM THE TIME THE BID WAS PLACED ON ANY LOT. EXAMPLE: IF AN AUCTION IS SCHEDULED TO END AT 1 P.M. AND RECEIVES A BID AT 12:59 P.M., THE CLOSING TIME OF THE AUCTION AUTOMATICALLY EXTENDS TO 1:05 P.M. THE AUTO-EXTEND FEATURE REMAINS ACTIVE ON ALL LOTS UNTIL NO FURTHER BIDS ARE RECEIVED WITHIN A FIVE-MINUTE TIME FRAME.

12. alexander auctions may increase or decrease the bidding extension time.

13. ON-LINE BIDDERS: PAYMENT FOR ALL VEHICLES, EQUIPMENT, AND TRAILERS REQUIRE CASH OR A WIRE TRANSFER.

14. ON-LINE BIDDERS: YOUR CREDIT CARD WILL BE CHARGED IMMEDIATELY FOLLOWING THE AUCTION FOR ITEMS UNDER $550.00 TOTAL WHICH CREDIT CARDS ARE ACCEPTED PAYMENT.

15. PAYMENTS FOR PURCHASER TO BE MADE AT ALEXANDER AUCTIONS AND REAL ESTATE OFFICE AT 239 UNIVERSITY STREET, MARTIN, TN 38237 OR ONSITE AT 4919 HOLLY GROVE ROAD, BRIGHTON, TN 38011.

16. BID INCREMENTS: $1 TO $200 - $5

$200 to $600 - $10

$600 to $1000 - $25

$1000 to $3000 - $50

$3000 and up - $100

17. FULL PAYMENT: BUYER AGREES THAT ALL PURCHASES MUST BE PAID IN FULL NO LATER THAN SEPTEMBER 19^TH, 2024 BY 4 P.M. ALL PAYMENTS ARE TO BE MADE IN U.S. CURRENCY BY CASH, CASHIER'S BANK CHECK, CERTIFIED BANK CHECK, OR PERSONAL CHECK WITH IRREVOCABLE LETTER OF CREDIT IN FAVOR OF ALEXANDER AUCTIONS & REAL ESTATE SALES, REQUIRED OF ALL PURCHASERS NOT PERSONALLY KNOWN BY THE AUCTION COMPANY. PURCHASERS WHO WISH TO PAY BY PERSONAL CHECK MUST BE CLEARED BY ALEXANDER AUCTIONS & REAL ESTATE SALES OR BY THE SELLER BEFORE BIDDING. ALL PROSPECTIVE BIDDERS ARE REQUIRED TO PRE-REGISTER FOR A BIDDING NUMBER AND GIVE EVIDENCE OF THEIR CREDIT-WORTHINESS.

18. BANK LETTER OF GUARANTEE MUST BE MADE TO ALEXANDER AUCTIONS & REAL ESTATE SALES AND NOT TO “WHOM IT MAY CONCERN”. LETTERS MUST STATE THAT YOUR BANK OR INSTITUTION WILL GUARANTEE A CHECK UP TO $_________ (AMOUNT TO BE INSERTED). (DO NOT INCLUDE AMOUNT IN YOUR CHECKING ACCOUNT OR SAVINGS ACCOUNT.) ** SEE SAMPLE BANK LETTER OF GUARANTEE ON ALEXANDER AUCTIONS & REAL ESTATE SALES’ WEBSITE.

19. PURCHASER AGREES NOT TO STOP PAYMENT ON CHECKS, STOP PAYMENT ON CREDIT CARDS OR DISALLOW A BANK DRAFT. PURCHASER IS RESPONSIBLE FOR ANY EXPENSES DUE TO COLLECTION OF BAD CHECK OR NON-PAYMENT. IN THE EVENT OF NON-PAYMENT OF BAD CHECK, THE AUCTIONEER RESERVES THE RIGHT TO REPOSSESS THE MERCHANDISE INVOLVED AT ANY TIME AT YOUR LOCATION.

20.THERE IS AN ADDITIONAL 5% CHARGE ON ALL CREDIT CARDS & A LIMIT UP TO $550. THERE IS $20 CHARGE FOR WIRE TRANSFERS FOR PAYMENT.

21. TO BE AN APPROVED ON-LINE BIDDER AT THIS AUCTION YOU MUST HAVE A VALID CREDIT CARD ON FILE.

22. BIDDER CONTRACT: THIS BIDDER CONTRACT ENTERED INTO BETWEEN THE BIDDER WHOSE NAME IS REGISTERED AND ALEXANDER AUCTIONS & REAL ESTATE SALES SHALL GOVERN THIS AUCTION AND HE/SHE AGREES WITH THE TERMS AND CONDITIONS. ADDITIONAL TERMS WHICH MAY BE POSTED ON SITE OR POSTED ONLINE ON ALEXANDER AUCTIONS WEBSITE AND ARE JUST AS BINDING AS THE PRINTED TERMS AND CONDITIONS.

23. ALL ITEMS ARE TO BE PICKED UP ONSITE AT 4919 HOLLY GROVE ROAD, BRIGHTON, TN 38011.

24. BUYER IS RESPONSIBLE FOR LOADING AND REMOVING THEIR PURCHASES.

25. REMOVAL & PICKUP: ALL ITEMS MUST BE PAID FOR IN FULL BEFORE BIDDER / ITEMS LEAVE THE PREMISES. NOTHING MAY BE REMOVED UNTIL IT IS PAID FOR. PAYMENT FOR PURCHASES MUST BE MADE BY CASH OR CASHIER’S CHECK OR BY PERSONAL CHECK OR BUSINESS CHECK. LETTERS OF CREDIT OR GUARANTEE MUST BE FOR THIS AUCTION ONLY, ALONG WITH PROOF OF IDENTITY. BIDDER AGREES NOT TO STOP PAYMENT ON CHECKS OR DISALLOW A BANK DRAFT AND IS RESPONSIBLE FOR ANY EXPENSES DUE TO COLLECTION OF BAD CHECK. IN THE EVENT OF NON-PAYMENT OR BAD-CHECK, THE AUCTIONEER RESERVES THE RIGHT TO REPOSSESS THE MERCHANDISE INVOLVED, AT ANY TIME, AT YOUR LOCATION.

26. COMPLIANCE WITH THE TERMS OF SALE: IN DEFAULT OF PAYMENT OF BILLS IN FULL WITHIN THE TIME ANNOUNCED FOR THIS AUCTION THE AUCTIONEER 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 AND THE DEPOSIT AS MADE 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 A DEFAULT HAS OCCURRED. THE OBLIGATION OF THE BUYER SHALL BE FOR COSTS AS INCURRED, PLUS ANY DEFICIT INCLUDED ARISING FROM THE BUYER’S DEFAULT.

27. THE SUCCESSFUL BIDDER NOT ATTEMPTING TO SETTLE THEIR INVOICE AFTER THE CONCLUSION OF THE AUCTION WILL BE CONSIDERED IN DEFAULT AND WILL BE BLACK FLAGGED IN OUR DATABASE AND IN ALL MARKNET ALLIANCE AUCTIONS. ALEXANDER AUCTIONS & REAL ESTATE SALES RESERVES THE RIGHT TO SELL TO THE NEXT HIGHEST QUALIFIED BIDDER OR ANY OTHER OR NEW BIDDER IN THE EVENT THE SUCCESSFUL BIDDER DOES NOT COMPLY WITH THE TERMS OF THE SALE.

28. VEHICLES AND FARM EQUIPMENT ARE AVAILABLE FOR VIEWING BEFORE THE ITEM IS OFFERED FOR AUCTION, AND YOU SHOULD MAKE AN ATTEND TO VIEW THESE ITEMS BEFOREHAND SO THAT YOU ARE SATISFIED WITH THEIR CONDITION. ALL ITEMS SOLD “AS IS”.

29. ALL PROSPECTIVE BIDDERS SHALL DETERMINE THE ACTUAL YEAR AND MODEL OF ALL VEHICLES AND MOTORIZED VEHICLES AND EQUIPMENT.

30. BIDDERS WHO BID OFF-SITE AND ARE NOT PRESENT AT THE PREVIEW UNDERSTAND AND ACKNOWLEDGE THAT THEY MAY NOT BE ABLE TO INSPECT AN ITEM AS WELL AS IF THEY EXAMINED IT IN PERSON. IT IS THE BIDDER’S RESPONSIBILITY TO DETERMINE CONDITION, AGE, GENUINENESS, VALUE OR ANY OTHER DETERMINATIVE FACTOR.

31. ALEXANDER AUCTIONS & REAL ESTATE SALES IS PROVIDING INTERNET AUCTION BIDDING AS A SERVICE TO BIDDER. BIDDER ACKNOWLEDGES AND UNDERSTANDS THAT THIS SERVICE MAY OR MAY NOT FUNCTION CORRECTLY THE DAY OF THE AUCTION. UNDER NO CIRCUMSTANCES SHALL BIDDER HAVE ANY KIND OF CLAIM AGAINST ALEXANDER AUCTIONS & REAL ESTATE SALES OR ANYONE ELSE IF THE INTERNET SERVICE FAILS TO WORK CORRECTLY BEFORE OR DURING THE LIVE AUCTION. ALEXANDER AUCTIONS & REAL ESTATE SALES WILL NOT BE RESPONSIBLE FOR ANY MISSED BIDS FROM ANY SOURCE. INTERNET BIDDERS WHO DESIRE TO MAKE CERTAIN THEIR BID IS ACKNOWLEDGED SHOULD LEAVE THEIR MAXIMUM BID 24 HOURS BEFORE THE AUCTION BEGINS.

32. DESCRIPTION TAKES PRECEDENCE OVER THE PICTURES. SOME PICTURES MAY OVERLAP. READ DESCRIPTIONS AND DETERMINE WHAT YOUR BIDDING ON.

33. ALL BIDS ARE SUBJECT TO ACCEPTANCE BY THE AUCTIONEER. NO BID SHALL BE DEEMED A VALID BID UNTIL ACCEPTED BY THE AUCTIONEER. ALL BIDS ARE ACCEPTED AT THE SOLE DISCRETION OF THE AUCTIONEER.

34. CONFIRMATION OF PURCHASE: TITLE TO THE PROPERTY SHALL PASS TO THE BUYER UPON THE FALL OF THE AUCTIONEER'S HAMMER, SUBJECT TO THE COMPLIANCE BY THE BUYER OF THE CONDITIONS OF SALE. BUYER ASSUMES ALL RESPONSIBILITY FOR THE ITEM OR ITEMS AND SHALL PAY THE TOTAL PURCHASE PRICE.

35. ALL SALES ARE FINAL. NO BIDS CAN BE RETRACTED. ALL PURCHASERS ARE RESPONSIBLE FOR THE ITEM UPON THE FALL OF THE HAMMER. FALL OF THE HAMMER IN THIS ON-LINE AUCTION SHALL BE WHEN THE BIDDING ENDS AND THE FINAL BIDDER BECOMES THE WINNER. ALEXANDER AUCTIONS & REAL ESTATE SALES WILL NOT ACCEPT ANY MERCHANDISE BACK BECAUSE YOU HAVE DECIDED THAT YOU DO NOT WANT IT OR YOU MAY DECIDE YOU HAVE OVERPAID FOR IT. IF YOU PURCHASE AN ITEM AND LEAVE AND DO NOT PAY FOR IT, THEN WE WILL PROCEED TO COLLECT FOR THE ITEM IN A LEGAL MANNER.

36. WARRANTY: ALL ITEMS ARE SOLD “AS IS”, “WHERE IS”, WITHOUT GUARANTEE OF ANY KIND. NO WARRANTY OF QUALITY, CONDITION, MERCHANTABILITY, OR FITNESS FOR INTENDED USE OR ANY PARTICULAR PURPOSE OR PARTICULAR USE IS GIVEN. ALL VEHICLES ARE USED, CONSIGNED AND ALL SALES ARE FINAL!! NO RETURNS OR CHARGE BACKS ALLOWED! RETURNS AND CHARGE BACKS WILL RESULT IN A BLACK FLAG WITH MARKNET.

37. THE DESCRIPTIONS OF ITEMS APPEARING IN ADVERTISING PRIOR TO THIS AUCTION ARE BELIEVED TO BE CORRECT. NEVERTHELESS, NEITHER THOSE DESCRIPTIONS NOR ANY ORAL STATEMENTS MADE BY THE OWNER (OR HIS AGENTS OR OFFICERS) OR THE AUCTIONEER (OR HIS AGENTS OR OFFICERS) CONCERNING ANY VEHICLE OR ITEM SHALL BE CONSTRUED AS A WARRANTY, EITHER EXPRESSED OR IMPLIED, BIDDER AGREES TO INSPECT THE ITEMS THEY ARE BIDDING ON AND TO SATISFY THEMSELVES AS TO THE PROPER NAME, AGE, AND CONDITION OF THE ITEM. I, THE BIDDER, AGREES THEY HAVE EXAMINED THIS MERCHANDISE AND ACCEPT IT IN “AS IS” CONDITION.

38. ATTORNEY FEES: IN AN ACTION ARISING OUT OF THIS AGREEMENT, THE PREVAILING PARTY SHALL BE ENTITLED TO REASONABLE ATTORNEY FEES AND COSTS.

39. ANY COURT LITIGATION SHALL BE IN WEAKLEY COUNTY, TN.

40.ALEXANDER AUCTIONS & REAL ESTATE SALES WILL NOT TOLERATE ANY PILFERING OR TAKING OF ANY ITEM OR THEFT OF ANY ITEM. ANY WRONGDOING WILL BE PROSECUTED TO THE FULLEST EXTENT OF THE LAW.

41. UCC SECTION 2-328 (4) DISCLAIMER: SECTION 2-328(4) OF THE UCC STATES, “IF THE AUCTIONEER KNOWINGLY RECEIVES A BID ON THE SELLER’S BEHALF OR THE SELLER MAKES OR PROCURES SUCH A BID, AND NOTICE HAS NOT BEEN GIVEN THAT LIBERTY FOR SUCH BIDDING IS RESERVED, THE BUYER MAY AT HIS OPTION VOID THE SALE OR TAKE THE GOODS AT THE PRICE OF THE LAST GOOD FAITH BID PRIOR TO THE COMPLETION OF THE SALE.” ACCORDINGLY, THE SELLER AND THEIR AGENTS, HEREBY, RESERVE THE RIGHT TO BID AT TODAY’S AUCTION.

42. BUYER IS RESPONSIBLE FOR ALL LOADING. NO LOADER PROVIDED TO LOAD VEHICLES, TRAILERS, OR EQUIPMENT.

43. BUYER IS RESPONSIBLE FOR LOADING AND REMOVING ANY ITEMS THEY PURCHASED.

44. RESERVE: ALL ITEMS ARE SOLD WITH RESERVE UNLESS STATED OTHERWISE. IF RESERVE ITEM DOES NOT MEET SET PRICE, ITEM MAY BE PASSED OR SELLER MAY CONFIRM PRICE.

45. THE AUCTIONEER HAS THE SOLE DISCRETION TO ADVANCE THE BIDDING AND MAY REJECT ANY AND ALL BIDS WHICH, IN THE AUCTIONEER’S SOLE DISCRETION, DO NOT ADVANCE AND/OR ARE INJURIOUS TO THE AUCTION, INCLUDING BUT NOT LIMITED TO NOMINAL, SUSPICIOUS AND/OR SUSPECT ADVANCES.

46. ALEXANDER AUCTIONS & REAL ESTATE SALES HAS FULL DISCRETION TO MODIFY THE DATE AND TIME, ORDER AND DETAILS OF THE AUCTION FOR ANY REASON OR NO REASON AT ALL, INCLUDING BUT NOT LIMITED TO TECHNICAL ISSUES, EMERGENCIES AND CONVENIENCE OF ALEXANDER AUCTIONS & REAL ESTATE SALES OR THE SELLER.

47. NOMINAL BIDS: ANY BID WHICH IS MERELY A NOMINAL OR FRACTIONAL ADVANCE MAY BE REJECTED BY THE AUCTIONEER, IF IN HIS JUDGMENT IT MAY AFFECT THE SALE NEGATIVELY.

48. INTERNET BIDDERS WHO DESIRE TO MAKE CERTAIN THEIR BID IS ACKNOWLEDGED SHOULD USE THE PROXY-BIDDING FEATURE AND LEAVE THEIR MAXIMUM BID 24 HOURS BEFORE THE AUCTION BEGINS.

49. INTERNET & ON-SITE BIDDERS ARE INFORMED SOME LOTS MAY BE SOLD AS A SINGLE LOT & SOME LOTS MAY BE SOLD IN GROUPS.

50. REMOVAL OF PROPERTY OR STORAGE: NONE OF THE PROPERTY MAY BE REMOVED FROM THE PREMISES UNTIL THE TOTAL PURCHASE PRICE HAS BEEN PAID. ANY ITEMS LEFT AND NOT REMOVED FROM THE PREMISES REMAIN AT THE SOLE RISK OF THE BUYER. REMOVAL SHALL BE AT THE EXPENSE, LIABILITY, AND RISK OF THE PURCHASER. PURCHASES CAN BE REMOVED ONLY ON PRESENTATION OF ORIGINAL BILL OF SALE. PHOTOSTATS OF BILLS OF SALE WILL NOT BE ACCEPTED FOR REMOVAL. UPON FAILURE OF PURCHASER TO REMOVE GOODS WITHIN TIME SPECIFIED AS POSTED OR ANNOUNCED, AUCTIONEER SHALL HAVE THE OPTION OF REMOVING AND STORING THE GOODS AT EXPENSE AND RISK OF THE PURCHASER OR DEEMING MONEY DEPOSIT FORFEITED IN WHICH CASE AUCTIONEER MAY RESELL WITHOUT NOTICE AT PUBLIC SALE OR OTHERWISE DISPOSE OF GOODS AT RISK AND EXPENSE OF PURCHASER. PURCHASER SHALL REMAIN LIABLE FOR LOSS, EXPENSE AND DAMAGES ARISING FROM THE PURCHASER’S DEFAULT.

51. SALES TAX: SALES TAX WILL NOT BE COLLECTED ON VEHICLES OR TRAILERS. NO SALES TAX WILL BE COLLECTED ON ANY FARM EQUIPMENT.

52. NO VEHICLE CAN BE REMOVED THE DAY OF THE AUCTION – TUESDAY, SEPTEMBER 17^TH, 2024.

53. VEHICLES CAN BE REMOVED AFTER CASH SETTLEMENT ON WEDNESDAY, SEPTEMBER 18^TH AND THURSDAY, SEPTEMBER 19TH, 2024 FROM 9 AM TO 5 PM.

54. PURCHASER’S NAME SHALL BE INCLUDED ON THE TITLE, EXCEPT FOR DEALERS. NO OPEN TITLES WILL BE GIVEN OUT AND NO NAMES WILL BE SWITCHED AFTER THE SALE.

55. REMOVAL OF ALL ITEMS: ALL ITEMS MUST BE REMOVED ON OR BEFORE FRIDAY, SEPTEMBER 20^TH, 2024. REMOVAL MAY BE ARRANGED BY APPOINTMENT ONLY AT (731) 587-4244.

56. ALEXANDER AUCTIONS & REAL ESTATE SALES AND THE SELLER IS NOT AND WILL NOT BE RESPONSIBLE FOR OR FURNISH ANY SECURITY FOR ITEMS AFTER THE FALL OF THE HAMMER.

57. INSURE ITEMS WHEN YOU PURCHASE THEM.

58. BIDS: ALEXANDER AUCTIONS & REAL ESTATE SALES RESERVES THE RIGHT AND DOES ACCEPT ABSENTEE BIDS FROM INDIVIDUALS AND WILL ATTEMPT TO EXECUTE THESE BIDS. ITEMS WILL BE SOLD TO SAID INDIVIDUALS PROVIDED THEY ARE THE HIGH BIDDER. IF ANYONE WOULD LIKE TO LEAVE AN ABSENTEE BID ON ANY ITEM, GO TO THE OFFICE OF ALEXANDER AUCTIONS & REAL ESTATE SALES, 239 UNIVERSITY STREET, MARTIN, TN, SIGN A FORM, AND LEAVE PAYMENT. YOUR BID WILL BE EXECUTED. IN THE EVENT YOU ARE NOT THE SUCCESSFUL BIDDER, YOUR MONEY WILL BE REFUNDED.

59. DISPUTE BETWEEN BIDDERS: IF ANY DISPUTE ARISES BETWEEN TWO OR MORE BIDDERS, THE AUCTIONEER MAY DECIDE THE SAME OR MAY IMMEDIATELY PUT THE LOT OR ITEM UP FOR SALE AGAIN, AND RE-SELL TO THE HIGHEST BIDDER. THE DECISION OF THE AUCTIONEER SHALL BE FINAL AND ABSOLUTE.

60. ADDITION TO OR WITHDRAWAL FROM SALE: THE AUCTIONEER 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 AUCTIONEER ALSO RESERVES THE RIGHT TO SELL ALL OF THE ITEMS LISTED IN BULK.

61. AUCTIONEER: THE AUCTIONEER, WHEN ACTING AS AGENT, IS NOT RESPONSIBLE FOR ACTS OF ITS PRINCIPALS.

62. OWNERSHIP: ALL ITEMS BECOME THE SOLE RESPONSIBILITY OF THE PURCHASER IMMEDIATELY AT KNOCKDOWN. NO REFUNDS OR ADJUSTMENTS WILL BE ALLOWED FOR ANY SHORTAGES. IF YOU BELIEVE YOU ARE ENTITLED TO AN ADJUSTMENT TO YOUR INVOICE DUE TO MISSING OR DAMAGES ITEM(S), YOU, YOUR MOVER OR YOUR RIGGER MUST REPORT THE PROBLEM TO OUR ON-SITE SUPERVISOR PRIOR TO SETTLEMENT AND PRIOR TO THE ITEMS LEAVING THE PROPERTY. ONCE THE ITEM HAS LEFT THE PROPERTY, THERE WILL BE NO ADJUSTMENTS. WHEN YOU HIRE A MOVER/RIGGER, THE MOVER/RIGGER IS ACTING AS YOUR AGENT. WE WILL NOT ACCEPT THAT THE MOVER/RIGGER DID NOT NOTIFY YOU OF A MISSING OR DAMAGED ITEM(S) OR THAT IT WAS DISCOVERED THAT AN ITEM(S) WAS MISSING OR DAMAGED WHEN YOUR PURCHASES WERE DELIVERED TO YOUR FACILITY. ALL BIDDERS AND MOVERS/RIGGERS MUST BE AWARE OF THIS POLICY! IF FOR ANY REASON WHATSOEVER, A PROPERTY AS BID, CANNOT BE DELIVERED WITHIN THAT PERIOD OF TIME PROVIDED FOR AT THE SALE, THE BUYER EXPRESSLY WAIVES LIABILITY ON THE PART OF ALEXANDER AUCTIONS & REAL ESTATE SALES, THE AUCTIONEER AND FURTHER AGREES THAT ANY OBLIGATION WITH RESPECT THERETO SHALL BE LIMITED TO THE BID AND PAID FOR SAID PROPERTY (ASSETS).

63. ABANDONMENT: PURCHASERS WILL NOT BE ALLOWED TO ABANDON ANY PURCHASES OR PORTION OF THOSE PURCHASES.

64. NON-DELIVERY RESPONSIBILITY: AUCTIONEER SHALL NOT, IN ANY EVENT, BE LIABLE FOR NON-REMOVAL OR FOR ANY OTHER MATTER TO ANY PURCHASER OF ANY LOT.

65. PERSONAL AND PROPERTY RISK: PERSONS ATTENDING DURING EXHIBITION, SALE OR REMOVAL OF GOODS ASSUME ALL RISKS OF DAMAGE OF OR LOSS TO PERSON AND PROPERTY AND SPECIFICALLY RELEASE AND INDEMNIFY ALEXANDER AUCTIONS & REAL ESTATE SALES, THE AUCTIONEER FROM LIABILITY THEREFORE. NEITHER ALEXANDER AUCTIONS & REAL ESTATE SALES, THE AUCTIONEER 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.

66. RECORDS: THE RECORD OF SALE KEPT BY ALEXANDER AUCTIONS & REAL ESTATE SALES, THE AUCTIONEER AND BOOKKEEPER WILL BE TAKEN AS FINAL IN THE EVENT OF ANY DISPUTE.

67. DURING THE PRE-ONLINE BIDDING AUCTION PROCESS THERE IS A CHANCE THAT YOU WILL BE OUTBID. BIDDERS SHOULD REFRESH THEIR BROWSER. DUE TO VARYING INTERNET CONNECTION SPEEDS, SOMETIMES EMAIL NOTIFICATIONS CAN BE DELAYED. WE ARE NOT RESPONSIBLE FOR THE FAILURE OF ANY PART OF THE BIDDING PROCESS OR INTERNET BIDDING. VERIFY THAT YOUR EMAIL ADDRESS, IN YOUR REGISTRATION PROFILE, IS CORRECT AND UP-TO-DATE.

68. ANY PERSON WHO REGISTERS AGREES TO BE SUBJECT TO THE PERSONAL JURISDICTION OF THE STATE OF TENNESSEE.

69. BIDDERS AGREE TO BE BOUND BY THE LAWS OF THE STATE OF TENNESSEE AND SUBJECT TO THE COURTS OF TENNESSEE JURISDICTION.

70. BIDDERS AGREE THAT ALEXANDER AUCTIONS & REAL ESTATE SALES HAS THE RIGHT TO ELECT THE VENUE (USUALLY A COURT IN SPECIFIC COUNTY) IN WHICH ALL DISPUTES CONCERNING THE BIDDER REGISTRATION AGREEMENT SHALL BE BROUGHT.

71. THE BUYER DOES HEREBY ASSUME AND DOES AGREE TO INDEMNIFY AND HOLD ALEXANDER AUCTIONS & REAL ESTATE SALES, THE AUCTIONEER AND SELLER HARMLESS FROM ANY FUTURE CLAIM WHICH SHALL PERTAIN TO THE FITNESS OR USE OF THAT ASSET AS BEING PURCHASED.

72. ADDITIONAL TERMS AND CONDITIONS: ADDITIONAL TERMS OR CONDITIONS OF SALE MAY BE ADDED BY AUCTIONEER BY ANNOUNCEMENT OR POSTED ON THE WEBSITE OR PREMISES PRIOR TO THE AUCTION.

73. CONDUCT OF AUCTION: ALEXANDER AUCTIONS & REAL ESTATE SALES, THE AUCTIONEER, RESERVES THE RIGHT, WITHOUT GIVING ANY REASON, TO PUT UP ITEMS OUT OF NUMERICAL SEQUENCE AND TO WITHDRAW ANY ITEM, ITEMS, OR LOT FROM THE AUCTION.

74. ANY INDIVIDUAL AT THE AUCTION HAS THE RIGHT TO BID, INCLUDING ANYONE ATTENDING THIS AUCTION, OWNERS, AUCTIONEERS OR PERSONNEL WORKING IN THIS AUCTION.

75. ALL ANNOUNCEMENTS MADE FROM THE AUCTION STAND OR POSTED ON ALEXANDER’S WEBSITE BEFORE THE AUCTION CLOSES WILL TAKE PRECEDENCE OVER ANY PREVIOUS ANNOUNCEMENTS OR STATEMENTS.

76. PURCHASER SHALL BE RESPONSIBLE FOR THE LOADING AND MOVING OF THEIR VEHICLES. ALEXANDER AUCTIONS & REAL ESTATE SALES DOES NOT FURNISH HELP TO LOAD OR MOVE ITEMS. IN THE EVENT AN EMPLOYEE OF ALEXANDER AUCTIONS & REAL ESTATE SALES ASSISTS IN THE MOVING OR LOADING OF AN ITEM, ALEXANDER AUCTIONS & REAL ESTATE SALES SHALL NOT BE RESPONSIBLE FOR ANY DAMAGE OR ACCIDENT THAT MAY OCCUR TO THE ITEM OR PERSON THEY ARE ASSISTING.

77. ALL VEHICLES AND OTHER ITEMS ARE SOLD “AS IS” WITHOUT A WARRANTY OR GUARANTEE MADE, EXPRESSED OR IMPLIED AS TO THE CONDITION OR FITNESS FOR USE.

78. ALL TITLES ARE AVAILABLE UPON PAYMENT.

79. YOUR USE OF THIS SITE AND BID PLACEMENT CONSTITUTES YOUR ACCEPTANCE AND AGREEMENT TO ADHERE TO THESE TERMS. PLEASE PRINT A COPY FOR YOUR RECORDS. ALL BIDDERS ARE RESPONSIBLE FOR READING ALL TERMS AND CONDITIONS CAREFULLY. LACK OF KNOWLEDGE OF AUCTION TERMS AND CONDITIONS WILL NOT RELEASE BIDDERS FROM THEIR OBLIGATIONS.

80.ALL BIDDERS ACKNOWLEDGE AND ACCEPT BY SIGNATURE THESE TERMS AND CONDITIONS PROVIDED AT TIME OF REGISTRATION BY REGISTERING FOR A BID NUMBER.

WE APPRECIATE YOUR ATTENDING THIS AUCTION & WILL BE GLAD TO ANSWER ANY QUESTIONS YOU MAY HAVE.

EXPLANATION OF WAYS TO BID:

Max Bid: The maximum amount you are willing to pay for a lot. Your bid will only increase by the minimum increment, but will automatically rise to your maximum bid as others bid up the lot over time.

Regular Bid is a bidding strategy by which a bidder increases the bid by more than the next accepted bid (placing your bid at $150.00 when the accepted bid is $50.00). This practice is used by some bidders to discourage others from bidding, in hopes of acquiring an item at a lower price. This prevents someone else from bidding your max bid first.

There are many theories on the effectiveness of this practice and a bidder who wishes to apply it does so at their own discretion. The Auction Company will not lower the price of an item that has been won by a “jumped” bid with no other competing bids.

Extend All/Dynamic Bidding Auctions may extend the bidding time on any lot that gets a bid within a certain amount of time of its scheduled closing time. The Auction will remain open for all lots until no bids are placed in the allotted amount of time. The Auctioneer will determine the number of minutes necessary to activate dynamic bidding ahead of time.

Alexander

AUCTIONS & REAL ESTATE SALES

MARVIN E. ALEXANDER, CAI – TL # 9

239 UNIVERSITY STREET ~ P.O. BOX 129 ~ MARTIN, TN 38237
Office: (731) 587-4244 ~ Email: marvin@alexanderauctions.net