Buyers fee of 12% (twelve percent) of the bid amount will be charged to the purchaser for each vehicle purchased. Minimum sales commission on vehicles is $500.00 (CAD). Buyers fee of 20% (twenty percent) of the bid amount will be charged to the purchaser for each lot of memorabilia. Memorabilia must be paid for in full on the day of sale. Payment instructions will be sent once bidding is complete for each item. 1.Terms are cash, bank transfer, or email transfer. 2.All bidders must purchase a Bidder’s Number which can ONLY be used by the registered purchaser. Registered Bidders are responsible for ALL purchases made on the Bidders Number; do not lend it or lose it. 3.All bidders must provide Franklin Auction Co. Ltd. (Referred to as the “Auction” in the balance of this document) with proof of means to pay for purchases via a bank letter of credit. The Auction will require a $1000.00 (CAD) credit card deposit on all vehicle purchases and immediate full payment of all memorabilia purchases. 4.All vehicles, classic agriculture equipment, or memorabilia is sold “As-Is” and without guarantee by the Auction. In any & all circumstances, the Auction shall not be responsible for any guarantees or warranties, implied or not implied. 5.All statements by the Auctioneers, Announcers, Employees & those statements printed in advertisements are believed to be correct. However, bidders are to examine all automobiles & other items before bidding & purchase based upon his or her opinion & examination. Franklin Auction Co. Ltd. reserves the right to refuse and/or revoke a Bidders Number at its discretion. 6.The Auction will not be responsible for any errors, omissions, representations, or miscommunication between registered bidders and the Auction company representatives during bidding. The Auction cannot guarantee visual, audio, or electronic services will not be interrupted or become completely unusable, thereby making it impossible for bidders to communicate. This includes, but is not limited to: Telephone, Internet, Live Screen, or In Attendance bidding 7.All articles offered for sale are subject to reserve price set by seller unless otherwise indicated. The Auction and its employees retain the right to bid on behalf of a Consignor as their agent. 8.Ownership of an item passes to Bidder when Auctioneer declares item as “SOLD”. At that time, the new owner assumes full responsibility of the item, including but not limited to insurance, damage (whether self inflicted or by a third party), fire, theft or any other events as may occur. 9.Should any dispute in a bid arise, the Auctioneer will use his judgment & his or her decision is final. 10.Successful bidders must remove all purchased articles from the sale site within a reasonable amount of time. Please contact Franklin Auction to discuss pick up times upon successful bid. 11.A purchaser’s failure to comply with all the conditions of the sale entitles the Auction and the Consignor to use other available remedies or courses of legal action to hold the purchaser liable. This may include the following: a.Cancel the sale & retain as liquid damages all payments made by the purchaser; and/or, b.Re-sell the property to a new purchaser at a private or public sale & in any event the purchaser shall be liable for any of the deficiency not obtained in the re-sell plus any incurred legal fees or court costs. 12.Delayed Payment Agreement with Deposit: a.I agree to pay in full by cash, or bank transfer the amount owed on any article for which I successfully bid on b.I understand that the entire amount of any purchase I make must be paid for by 1pm MST on the first business day after the sale; and, c.I understand that failure to pay for my purchase on time will entitle the Auction and the consignor to hold me liable. This may include all legal fees & court costs involved to recover such funds owing. 13.As a buyer of a vehicle at this auction, I explicitly waive my rights to any implied warranty as set forth by the law. I will inspect each vehicle for myself and I am aware that it may be required to compete a Safety Inspection before being registered and driven depending on the Laws & Requirements of the province or state I live in. As collector vehicles, these automobiles may not be fit for ordinary driving & may not be reasonably safe & free from defects. This includes but is not limited to tires, brakes, steering, motor mounts, front and/or rear drive units. 14.Consignment auctions and consignees are not required to obtain the emissions inspections or tests required by provincial or federal law. Any emissions inspections or tests required must be obtained by you, the buyer, before the motor vehicle can be registered. The buyer must understand that once the auction is complete, and if the buyer resides in an area that requires inspection and/or testing of motor vehicles, that the buyer is responsible for any emissions inspections and/or tests required by law. 15.All vehicles purchased as well as the bidder’s commission fee will be subjected to applicable GST/HST or applicable taxe and fees for the provinces in which they are sold.