If the purchased lots are not picked up and storage fees paid to RIAC, the items will be sold pursuant to the Illinois Labor and Storage Lien Act, 770 ILCS 45/0.01 et seq. The purchaser will then be unable to pick up the purchased lots until the storage fees are paid to RIAC. If the property is not removed within five days following the date of sale, it will be stored at RIAC's facility at a cost of $50 per month. five days following the date of sale unless otherwise agreed. All property must be removed from RIAC's premises at the purchaser's expense no later than 5:00 p.m.
#Auto ordnance 50 round drum for sale full
The Total Amount Due must be paid in full the day of sale if attending in person, otherwise upon receipt of the buyer's invoice. The purchaser further agrees to pay the Total Amount Due. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchase is subject to all the terms and conditions set forth herein. All sales are final at the fall of the Auctioneer's hammer or at the announcement of "SOLD". At the announcement of "SOLD", the highest bidder will have purchased the offered lot. currency, certified check drawn on an American bank or wire transfer.Ĥ.
NOTE TO FOREIGN BUYERS: Method of payment will be U.S. Auction sales are strictly for cash, cashier's check, personal checks (with prior approval of RIAC's management), MasterCard, Visa or Discover. RIAC has been authorized by the consignor to retain as part of RIAC's remuneration, the buyer's premium payable by the purchaser.ģ.
#Auto ordnance 50 round drum for sale free
Generally, all items shipped out of state are tax free sales. Any purchaser claiming an exemption yet unable to provide proof at the time of payment will be required to pay the tax to RIAC and seek a refund from the State of Illinois.
To establish a tax free sale, a copy of a valid reseller's permit or other instrument or information must be provided to RIAC's satisfaction establishing a sales tax exemption. The tax is computed on the total purchase price (hereinafter the total purchase price and applicable sales tax will be referred to as the "Total Amount Due"). Some items are exempt from Illinois sales tax and others may be subject to Illinois sales tax or local sales tax. The premium is added to the purchaser's successful bid and the two together equal the total purchase price. This is not an aggregate percentage on the total items bid, but rather a per item percentage rate. If the account is settled by credit card, the buyer's premium then shall be the standard 17.5%.
The buyer's premium shall be reduced to 15% provided the payment is paid by cash or the equivalent of cash (cashier's check, wire transfer, or approved personal check). All bid prices "hammer prices" ("hammer prices" mean the price at which a lot is knocked down to the purchaser) will be subject to a buyer's premium 17.5% payable by the purchaser. THE AUCTIONEER IS NOT RESPONSIBLE FOR ANY ERRORS OF THE PURCHASER INCLUDING BUT NOT LIMITED TO THE PURCHASER BIDDING ON THE WRONG LOT.Ģ.ěUYER'S PREMIUM AND SALES TAX. By bidding at RIAC's auction, whether in person or by agent, sealed bid, telephone bid, via the internet or other means, the purchaser or bidder agrees that the contract created by these terms and conditions of sale is made and performed in the County of Rock Island, State of Illinois and further agrees that should any dispute arise from this contract the sole and exclusive jurisdiction for contractual disputes is Rock Island County, State of Illinois. The purchaser's rights and RIAC's respective rights and obligations hereunder are governed by Illinois law. Acceptance of a bidder card or a bidder number constitutes acceptance of the following terms and conditions of sale. Any notices, posted or oral, during the sale, are also part of our terms and conditions of sale agreement. All bidders who participate by bidding in this auction agree to the terms and conditions of sale and agree to be bound by same. The following conditions of sale make up the entire terms and conditions on which items listed in Rock Island Auction Company's (known hereafter as "RIAC") catalog, on the internet web site and addendum sheets will be offered for sale or sold by RIAC.
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