Assorted Parts, Tools & Equipment

1.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. 2.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 believed to be accurate; however, a physical inspection is suggested. 3. 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. 4.INSURANCE: The Buyer will obtain full liability insurance on all purchased property as required by law. 5.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. Auctioneers shall not be responsible for loss or damage to any purchase. 6.PAYMENT: Cash/cashiers/Personal or Company Checks will be accepted. All checks must be made payable to Yellow Iron Auctions, Inc. and guaranteed by signer. 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, or returned checks. 7.SALES TAXES: All sales of non-road use vehicles are subject to Missouri Sales Tax unless you have a proper Resale Exemption Certificate or a Farm Exemption. 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. 8.TERMS OF SALE: FULL SETTLEMENT SHALL BE MADE ON SALE DAY, ALL SALES FINAL The United States and State Laws and Penalties for failure to settle and pay shall apply. Settlement to be made in U.S. Funds. Payment for purchases by personal or company check must be accompanied with proof of identity. 9.TITLES: All Titles and Registration Certificates will be mailed to the buyer within ten (10) business days after payment is received. State Law requires all titles be filled in to the purchaser. 10.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 Financial Institution. It is the responsibility of the buyer to contact their customs broker regarding export/import modifications to meet export/import safety regulations. 11.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. 12.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 STATED ON BUYER’S GUIDE. NO SUNDAY REMOVALS. 13.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. All property is sold “AS IS”, and ALL SALES ARE FINAL. Property is open to thorough public inspection. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Yellow Iron Auctions, Inc. may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Yellow Iron Auctions, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Yellow Iron Auctions, Inc. shall endeavor to describe in detail each item and any pertinent information about it. Yellow Iron Auctions, Inc. will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. Yellow Iron Auctions, Inc. is providing Internet pre-auction and live bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Yellow Iron Auctions, Inc. or anyone else if the Internet service fails to work correctly before or during the live auction. Yellow Iron Auctions, Inc. will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction begins. Yellow Iron Auctions, Inc. reserves the right to withdraw or re-catalog items in this auction.