Sale of Goods by Auction in the Saleroom
1. The vendor or his representative warrants that the ownership of the goods is vested in him without encumbrance.
2. Ellis, Willis & Beckett accept instructions to act as agents in the sale of goods by auction or private treaty.
3. The Misrepresentation Act 1967 may, in some circumstances, give rise to the vendor being liable to the purchaser. Vendors should ensure that descriptions provided for the auctioneer are accurate. The auctioneers will take all due care and diligence when cataloguing. In the event of a dispute, the auctioneer has the right to rescind an auction contract.
4. RESERVE PRICES: The vendor has the right to fix a reserve price, being the lowest figure the auctioneers can accept for the lot. Ellis, Willis & Beckett will confirm fixed reserves in writing prior to sale. The vendor agrees to check this information prior to sale and inform the auctioneer prior to sale day in writing if any alterations to the figures are required.
5. INSURANCE: Goods situated on the auctioneers premises are covered by insurance for fire, theft and damage. In the event of total loss, reimbursement will be made equivalent to that if sold at reserve, taking into account all expenses. VEHICLES should remain insured by the vendor.
6. TESTING & SALE OF GOODS: All electrical items will be earth safety tested at a cost of
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Published on: 2005-07-19 (16203 reads)[ Go Back ]