Acceptance of Terms. Bidding on any item, whether in person, by phone, by absentee bid or via a live internet auction indicates the bidder’s agreement to be bound by these Terms and Conditions for Bidders. The rights and obligations of the parties shall be governed by the laws of the state of Wisconsin. Terms of Sale. Announcements made the day of auction take precedence over any previous communication. The auctioneer reserves the right to withdraw any lot at any time before its final sale and to reject any bid for any reason. The highest bidder for each lot acknowledged by the auctioneer shall be the “buyer”. If any dispute arises as to any bidding, or between two or more bidders, at the sole discretion of the auctioneer, the successful bidder will be determined or the disputed lot shall be put up again at the last undisputed bid and resold. Warranties and Disclaimers. EVERY LOT IS SOLD “AS IS, WHERE IS”, without any warranties by W. Yoder Auctions as to the condition or value of the property, or the correctness or completeness of the catalog or other description of the property, and no statement, shall be deemed such a representation, warranty, or assumption of liability. W. Yoder Auctions does not guarantee anything. Dimensions given in the catalog descriptions may be approximate. Definitions of Authorship. “Signed” or “Marked” –in our opinion, the signature or mark is of the stated artist or maker. Inspection. All lots are available for inspection prior to the auction. W. Yoder Auction does not warrant the condition of any item. Buyers interested in the condition of an item are encouraged to contact W. Yoder Auction and, to the best of our ability, W. Yoder Auction will document for the prospective bidder the condition status on any lot. Condition is always a subjective evaluation and final responsibility rests with the buyer to assess the condition of any term sold by W. Yoder Auction. Absentee, Telephone, and Internet Bidding. Absentee and telephone bidding is offered as a free service to our customers and prospective bidders. W. Yoder Auction shall not be responsible for any errors or failures in executing bids, either absentee, telephone or via the internet. Absentee bids are accepted via mail, fax or email. Such bids will be posted with the date of arrival, with ties being awarded to the earliest bidder. All absentee bids must be made on W. Yoder Auction absentee bed form, and signed by the prospective bidder. Absentee bidders will be required to submit a credit card prior to the auction. All absentee bids are executed competitively by a member of the auction staff. The auction staff will try to purchase the lot for the lowest price possible and will bid up to the amount designated by the absentee bidder only if necessary. W. Yoder Auction does not accept “buy bids” or absentee bids which have no limit. In the event of a tie bid between a floor and an absentee bidder, the floor bid will be honored. All absentee bids must be received no later than 5:00 p.m. central standard time, the day before the start of each auction session. Bidding live via the telephone is available on a first come, first served basis. In order for W. Yoder Auction to efficiently serve the needs of those who wish to bid by phone, please note the following: • To participate in the auction by telephone, potential bidders must complete and sign the absentee bid form and check “ I WISH TO BID BY TELEPHONE” for the designated lots. • Telephone bidders are advised to indicate an “insurance bid”, which amount will become an absentee bid, pursuant to the absentee bidding process set forth above, if W. Yoder Auction can not reach the bidder by telephone for a particular indicated lot. • Telephone bidders must disable any caller ID or other call blocking mechanism. • W. Yoder Auction sells about 100 lots per hour, so telephone bidders should plan accordingly. W. Yoder Auctions will attempt to reach each telephone bidder, but W. Yoder Auction is in no way responsible for missed calls. All reservations for telephone lines must be received no later than 5:00 p.m. central standard time the day before the start of each auction session. Internet bidding via proxibid.com may be available for certain auctions. There may be terms which apply to internet bids that should be reviewed on line at the time of sale. W. Yoder Auction is not responsible for any failure to execute a bid and shall have no liability to any bidder for any technical or other failure associated with an internet auction. Bidding Increments. The following increments are used at the auction. Absentee bids must fall within these increments. W. Yoder Auction will automatically reduce any absentee bid to the closest increment if the bid falls outside the published range of increments. For Bids Bidding Increments $0-200 $10 $201-500 $25 $501-1000 $50 $1001-3000 $100 $3001-5000 $250 $5001 and up $500 or at the discretion of the auctioneer W. Yoder Auction reserves the right to modify increments at any time during the auction. Buyer’s Responsibility. Upon the fall of the hammer, title to the offered lot shall pass to the buyer and the buyer immediately (a) assumes full risk and responsibility for the lot, including liability for loss or damage and (b) is liable for payment of the Purchase Price (as defined below) to W. Yoder Auctions. Purchase Price and Payment. The “Purchase Price” for each lot shall equal the hammer price, buyer’s premium, and sales tax. Payment may be made with cash, personal or traveler’s check, Visa or MasterCard. W. Yoder Auction reserves the right to hold a purchased lot until a check has cleared. Buyers who are present at the auction must pay the full Purchase Price at the time of the sale. Buyers who bid by telephone or who are absentee bidders will be charged on their credit card. Shipping Charges. W. Yoder Auction will ship purchased items within two weeks by UPS at buyer’s expense. All items must be insured at buyer’s expense