INSPECTION: All merchandise is available for inspection prior to sale. The Buyer agrees to rely exclusively on his pre-auction personal inspection of the property. NO WARRANTIES: All property is being sold AS-IS, WHERE-IS and with all faults. No Warranty of Quality, Condition, Merchantability is given. There is no warranty of fitness for a particular purpose. All information contained herein is true and correct to the best of our ability, but is in no way guaranteed. AUCTION SITE: Buyer acknowledges responsibility for any personal injury and property damage caused by buyer or his agent and further agrees to hold Yellow Iron Auctions, Inc. harmless for any personal injury to himself or his agents and any property damage incurred on sale premises. INSURANCE: The Buyer will obtain full liability insurance on all purchased property as required by law. RISK OF LOSS: The Buyer takes delivery, takes full responsibility and assumes all risk of loss for all property purchased from the time Yellow Iron Auctions, Inc. accepts the Buyer's bid. PAYMENT: All checks must be made payable to Yellow Iron Auctions, Inc.. Cash or cashiers checks will be accepted. A bank letter guaranteeing payment must accompany personal or company checks. Bank drafts can be accepted only if accompanied by a letter from your bank containing full information and agreeing to pay the draft on sight. There will be a $50.00 service fee for anyone paying by a draft. SALES TAXES: All sales of non-road use vehicles are subject to Missouri Sales Tax unless you have a proper resale exemption certificate. A copy must be provided at time of registration if you are a dealer for re-sale. This certificate must bear your company identification and a Sales Tax Permit Number. Without this information you or your company will be required to pay Missouri Sales Tax on all purchases. TERMS OF SETTLEMENT: The United States and State Laws and Penalties for failure to settle and pay shall apply. Settlement to be made in U.S. Currency (cash) or cashiers check. Payment for purchases by personal or company check must be accompanied by letter of credit from your bank for this particular sale along with proof of identity. FULL SETTLEMENT SHALL BE MADE ON DAY OF SALE, during or immediately after the conclusion of the Auction on sale day. TITLES: Cash or certified check is required to pay for All items that require a Title or Registration Certificate on the day of the sale. If different, all Titles and Registration Certificates will be mailed to the buyer ten (10) banking days after payment is received. NON-U.S. BUYERS: Buyers from outside of the U.S. that do not have United States bank accounts will be required to pay in U.S. funds by wire transfer directly from their bank. It is the responsibility of the buyer to contact their customs broker regarding export/import modifications to meet export/import safety regulations. RECEIPT: A receipt/invoice will be issued to the Buyer at the time of sale. This receipt/invoice must be presented to authorized personnel before any item can be removed from the auction site. EQUIPMENT REMOVAL DATE: The Buyer agrees to remove all purchased property from the Auction Site as stated in the Buyers Guide and acknowledges receipt of the Buyers Guide and agrees to the additional terms and conditions set forth therein. Deadline for removal is listed on Registration Form. No Sunday removals. REVOCATION/DISPUTES: Yellow Iron Auctions, Inc. reserves the right to revoke any bid card at any time and shall designate the purchaser after each item of merchandise is auctioned; if a dispute arises between two or more bidders, the Auctioneer reserves the right to reopen the bidding. The Auctioneer's designation of a buyer shall be final.