TERMS AND CONDITIONS
THE SALE WILL BE CONTROLLED BY THE AUCTIONEER PROGRAM.
New Line ASP. (herein called “the Auctioneer”) is not responsible for malfunctions or system errors which cause
a bid or bidder to fail to be recognized or registered. If there is a dispute, the Auctioneer, may re-open the bidding
at the Auctioneer's sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The
Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down properties or quantities offered,
to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate
bidding and to accept or reject any or all bids. Absentee bids may be accepted at the discretion of the Auctioneer. Any and
all decisions of the Auctioneer regarding the order and conduct of the auction shall be final and absolute without liability
to any party.
Every effort has been made to insure that your purchase is a sound, informed decision. However, neither New Line ASP., nor its software providers, auctioneers, or vendors can insure that the information provided to us is accurate or complete. It is the sole responsibility of our buyers/bidders to satisfy themselves with regard to the condition, description and integrity of each property at time of auction and purchase. Each sale is final, and there can be NO CONTINGENCIES. This is our pledge to the sellers of these properties as part of the auction tradition.
AS IS, WHERE IS AND WITH ALL FAULTS". ALL OF THE PROPERTIES WILL BE SOLD BY SELLER AND AUCTIONEER "AS IS, WHERE IS AND WITH ALL DEFECTS". WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS AND CONDITIONS OR THE PURCHASE AGREEMENT, ALL PROSPECTIVE PURCHASERS/BIDDERS ACKNOWLEDGE AND AGREE THAT THEY ARE BIDDING FOR AND, IF THE WINNING BIDDER, ACQUIRING THE PROPERTY IN ITS PRESENT STATE, FITTNESS AND CONDITION AS OF AUCTION DAY, WITH ALL DEFECTS, BOTH PATENT AND LATENT, AND WITH ALL FAULTS OF THE PROPERTY WHETHER KNOWN OR UNKNOWN, PRESENTLY EXISTING OR THAT MAY HEREAFTER ARISE. THE COMPLIANCE OF OR BY THE PROPERTY OR ITS OPERATION WITH ANY LAWS, RULES, ORDINANCES OR REGULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR BODY; THE HABITABILITY, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY;
*** To enable customers to participate in our auctions online a 2% internet fee to a max of $500 will apply when buying items online*** Also bidders must be preapproved 48hrs before auction sale date in order to bid on items during the sale. To become preapproved you must supply New Line ASP. a valid credit card number, Expiry date, Bank and Branch Location. Purchases over $10,000 will require a bank letter of guarantee.
Bidding and Winning. The bidder user name given to you at the outset of the Auction upon qualifying as a Bidder shall be used by you during the Auction to bid on Properties/Item. To purchase a particular Property/Item at the Auction, one must be acknowledged by the Auctioneer as the Winning Bidder (the bidder to whom the Auctioneer acknowledges the Property as being "SOLD" to) Online Bidders will be notified immediately if they are the high bidder and shall be instructed to expect the purchase and sales agreement by Facsimile or by email, and tender their payment within 2 (two) business days following the auction sale.
The Purchaser shall pay to the Vendor the full Contract Price as hereinbefore mentioned and upon full payment possession and ownership shall pass to the Purchaser.
No property interest or ownership in the Property/Items or Livestock shall pass from the Vendor to the Purchaser, and no lien, encumbrance, charge or claim, affecting any interest in the property or ownership of the said Property/Items or Livestock in question shall take priority over the Vendor's property interest or equity in the Property/Items or Livestock, until the said Vendor has been paid the full Contract Price.
If Payment is by cheque, the purchaser certifies that there is on deposit to their credit at the Bank on which the cheque, is drawn, sufficient cleared funds to meet payment and that said funds will remain available for payment of said cheque upon presentation.