Added: Latecia Routh - Date: 02.11.2021 16:54 - Views: 25148 - Clicks: 1977
All bidders who participate by bidding in this auction agree to the terms and conditions of sale and agree to be bound by same. Any notices, posted or oral, during the sale, are also part of our terms and conditions of sale agreement. Acceptance of a bidder card or a bidder constitutes acceptance of the following terms and conditions of sale. This is not an aggregate percentage on the total items bid, but rather a per item percentage rate.
RIAC is a Marketplace Facilitator as defined in the applicable regulations for each state for purposes of collecting and submitting sales tax for each applicable state. A Marketplace Facilitator is a business that contracts with sellers to facilitate the sale of tangible goods and administers all aspects of the transaction.
A Marketplace Facilitator is required to collect sales tax from the buyer and remit such sales tax to the state to which the items are shipped. The sale tax is based on the ship to address. Generally, all items included on the invoice are taxable. Please refer to our website, rockislandauction.
Any purchaser claiming a sales tax exemption yet unable to provide satisfactory proof to RIAC at the time of payment will be required to pay the applicable tax to RIAC and thereafter seek a refund from the applicable state. Buyer agrees to pay RIAC the actual amount of tax due if the incorrect amount of sales tax was collected at the time of purchase for any reason.
The purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will a confirmation of the purchase. The purchaser further agrees to pay the Total Amount Due. The purchaser will then be unable to pick up the purchased lots until the storage fees are paid to RIAC. Each purchaser at this auction grants RIAC a security interest in the property purchased. Payment will not be deemed made in full until RIAC has collected all amounts due in cash or good funds.
RIAC has the sole discretion to determine what is considered good funds.
The purchaser hereby waives any and all notices of sale required under the Illinois Commercial Code. RIAC shall hold any money deposited in partial payment on of any liability of the defaulted item and will apply it at the sole discretion of RIAC to the outstanding debt. RIAC reserves the right to reject a bid from any bidder. The highest bidder, acknowledged by the Auctioneer, will be the purchaser. The Auctioneer shall have sole and final discretion as to the disposition of any dispute including the re-offer and resale of any article in dispute.
All property offered for sale is as is, where is. RIAC does not guarantee or make warranties on any lot sold. Descriptions in the catalog are opinion. They are written as an aid to potential bidders. RIAC acknowledges that there may be errors in what is written. RIAC strongly recommends that you personally view any item you bid on or have an acknowledged expert view the item. RIAC will have no obligation, i.
Items offered for sale as described in the catalog or any bill of sale, advertisement, addendum sheet, or elsewhere as to authorship, period, culture, source, origin, measurement, quality, rarity, provenance, importance, exhibition, or physical condition are qualified statements of opinion and not representations or warranties.
No waiver, amendment or modification of the terms hereof other than posted notices or oral announcements during the sale shall bind RIAC unless specifically stated in writing and ed by RIAC. If any part of these terms and conditions of sale is for any reason invalid or unenforceable, the invalid portion shall be stricken and the rest of the terms and conditions of sale shall remain valid and enforceable.
Some items in this auction may be subject to reserve the confidential minimum price below which the lot will not be sold.
If a lot is offered with a reserve, RIAC may implement that reserve by bidding on behalf of the conor. No reserve will be allowed higher than the high estimate and in many cases the reserve is lower than the low estimate. This bidding will not generally constitute opening bidding. However, once bidding is opened RIAC will bid on behalf of the conor to reach the reserve price.
The Auctioneer may reject nominal bids, which are small opening bids or very nominal advances made with the purpose of disparaging an item. This determination of whether to sell the item at the current auction or re-offer it at a later auction is at the sole discretion of the Auctioneer.
RIAC buys items on the open market or may offer a guarantee to a conor. In either event, RIAC can have an ownership or other financial interest in the item s being auctioned. Such interest in the item s being auctioned may not be disclosed. If RIAC has an interest in an offered lot and the proceeds therefrom, other than our commission, RIAC may bid on the offered lot to protect such interest and such bidding shall not be prohibited under Section 13 below.
Conors, other than RIAC, are not allowed to bid on their own merchandise nor have any agent bid on their behalf. If the Auctioneer recognizes such bidding or is advised of same, the Auctioneer reserves the right to withdraw any or all items coned by the offending conor. It is not prohibited conduct under this Section 13 when an Auctioneer bids on behalf of the conor to reach the reserve price as provided In Section 12 above. A Sealed Bid must be received and credit approved in advance of the sale date.
Deposits will be returned within ten 10 days after sale, if not successful. A Sealed Bid form is enclosed in the back of the catalog. Bids may also be faxed to Purchasers acknowledge that by bidding absentee via mail, e-mail, telephone, through internet providers, or any other absentee means i. Purchaser acknowledges that RIAC has a fiduciary duty to the sellers and not to the bidders or purchasers. Purchaser acknowledges that RIAC owes no duty to disclose the ownership of any item being auctioned. Any absentee bid is executed as if the bidder was actually present and bidding themselves.
RIAC will attempt to execute bids in a manner such that the bids will prevail at the lowest bid possible. In order to bid on a lot over the telephone at the time it is being sold the bidder must contact RIAC in advance to make arrangements. The bidder must contact RIAC by p. If the bidder contacts RIAC after p. A representative of RIAC will contact the bidder on the day of the sale, prior to the requested lot s going up for sale.
Telephone Bids may be faxed to or they can be submitted through our online service. Therefore the Telephone Bidder may want to consider allowing his or her phone representative to execute bidding on his or her behalf. At the time of arranging for the phone bids, the Telephone Bidder need simply give the maximum amounts he or she is willing to bid on each lot in the event RIAC is unable to reach the Telephone Bidder. This amount is only utilized if the Telephone Bidder is not on the phone with his or her representative.
Online bidding is available through third party providers. Potential bidders are informed that those third party services charge an additional buyers premium above and beyond the premium charged by RIAC. All post — firearms must be registered in compliance with federal and Illinois state law.
Purchasers of post — firearms must complete state and federal registrations forms at Rock Island Auction Company, 42nd Street West, Rock Island, ILunless otherwise specified. A 3-day waiting period is mandatory for modern handguns and modern long arms. Dealers and out-of-state purchasers must have in their possession on the day of sale, ed copies of their Federal Firearms FFL in order to accept same-day delivery of modern weapons. CLASS 3. All firearms deated as Class 3 must be registered in compliance with the NFA registry. There is not a transfer fee to the buyer at that time. When the transfer is approved, the firearm is shipped to the Class 3 dealer.
The Class 3 dealer then prepares a Form 4 transfer to the buyer. This fee, as well as the Total Amount Due is due at the time of purchase in order to process the paperwork. The new owner of the Class 3 firearm will be required to complete 2 forms: 1 ATF Form 4 and 2 fingerprint card.
These forms will be provided to you by RIAC. This is given to the new owner upon delivery of the NFA firearm. No further tax is due. Please check the status of your state before you bid or purchase to be sure of your eligibility to own and possess a Class III firearm as the laws continue to change. Consult with your federal, state, and local laws, law enforcement personnel, or legal counsel to make sure you may legally own, possess, or use the purchased firearm s and that all fees, s and approvals are completed.
RIAC makes no warranties or representations whatsoever and no employee or consultant of RIAC has the authority to do otherwise, concerning the operation of firing condition, fitness for use, safety to store, or reliability, of any firearm, ammunition, or parts. RIAC strongly recommends that all weapons, ammunition, etc. RIAC expressly disclaims any liability whatsoever for accident, injury or damage resulting to any person from the storage or subsequent use of any such lot. These items are not available to ship internationally and in some cases, domestically.
Additionally, these items may be subject to confiscation by state or federal officials if the proper documentation authorizing their sale is not produced. By placing a bid, the bidder acknowledges that he is aware of the restriction and takes responsibility in obtaining and paying for any or permits relevant to delivery of the item s.
RIAC does not accept liability for the inability to ship the purchased items or if such item s is are confiscated by state or federal officials prior to their shipment or transport to the successful bidder. All delivery, shipping and storage charges must be paid by the successful bidder prior to delivery of the firearm. If RIAC is asked to ship the purchased lots, there will be a separate charge for such shipping. Shipping charges will be based upon what it costs RIAC to ship the purchased lots to the purchaser.
If packing and handling of purchased lots is done by RIAC, it is done entirely at the risk of the purchaser. All items must have shipping insurance; this insurance is mandatory. RIAC will not charge any labor charges for shipping. RIAC is not liable for any acts of omissions in packaging or shipping. Purchased lots handled by outside carriers or packers, including those RIAC may have recommended, may carry their own insurance and any claims for losses or damages should be addressed directly to the outside carriers or packers.
Purchaser pays shipping, packing materials, and insurance charges. All state and local laws apply. All foreign export is the sole responsibility of the purchaser. Furthermore, the purchaser and RIAC agree that should Mediation be necessary, Mediation fees, if any, will borne equally by the parties. Purchaser and RIAC are required under the terms and conditions of sale to enter into Mediation before arbitration or any court action.
All mediation, arbitration and court proceedings, whether in state or federal court, shall be filed and conducted solely within Rock Island County, State of Illinois, and not in any other jurisdiction. Should Mediation not settle the dispute between the parties the purchaser and RIAC agree that any dispute or claim, in law or equity, resulting from the participation in the auction or any resulting transaction shall be settled in neutral binding arbitration utilizing the standards of American Arbitration Association and must be initiated and carried out in Rock Island County State of Illinois.Browning a500 12 gauge
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