We charge a 15% buyer's premium and all applicable state taxes. Auction Terms & Conditions for Online auctions for S & T Discount Depot. By Accepting the Terms and Conditions you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions set forth.
1. ALL SALES FINAL: Everything is sold "As Is, Where Is" with absolutely no expressed or implied warranty whatsoever. Any changes in details of the auction made prior to the day of sale take precedence over any previous terms. The bidder bears full responsibility for inspecting items prior to bidding. The bidder is responsible for inspecting merchandise during announced inspection/preview times. Not attending inspection/preview does not remove or release the bidder from accepting the condition of the merchandise. Descriptions, photos, and statements made or offered by sellers or auction staff are deemed correct but not guaranteed. The bidder should inspect and verify all information during inspection/preview time. By bidding on the item you have agreed to accept that item in its present condition. If a discrepancy is discovered, auction staff must be notified immediately at the time of pickup prior to the removal of item(s) from the facility. WATCH FOR THE QUANTITY (QTY.) ON THE LOTS: The bid price will be multiplied by whatever the quantity is in the Lot if it is listed that way. If the Qty. is more than 1, it will show in the picture and when you place your bid if it is multiplied by more than 1. If it says 1 Lot at the beginning of the description, it is selling by the Lot or 1x the Bid. ALL SALES ARE FINAL!!! Bids may not be canceled or retracted for any reason.
2. REGISTERING: When registering, all bidders are required to give their full name, address, phone number, and email address. A valid credit card (Visa, Master Card, Discover, or American Express) is required to register: your credit card will be verified, and a $1 verification ping will be done to make sure the card is active. The pending $1 charge will fall off in a few days. The registered credit card info is retained and this credit card may automatically be charged for your purchases at the auction. Due to non-payment issues with out-of-state buyers, we reserve the right to request a reasonable fully refundable deposit. After the invoice is paid in full, the deposit will be refunded in its entirety. If no purchases are made, the deposit will be refunded in full. Look for a separate email to pay your invoice online before the removal of purchases.
3. PAYMENT: Look for a separate email from Paypal or Currency Pay to pay your invoice online before the removal of purchases. Full payment may be charged automatically to the credit card given when you registered for the auction. Bid price plus stated 15% Buyer's Premium. All Sales Final. There can be no alteration, refund, or exchange of any kind for any reason whatsoever. Bidder relinquishes all rights to initiate a chargeback based on buyer's remorse, non-delivery of goods, equipment not as described, not understanding the terms of the sale, and/or any other reason. If the bidder does initiate a chargeback, the bidder agrees to pay all attorney costs, all fines, fees & personnel costs incurred by CLA, no matter what the determination by the credit card processing company or the credit card issuing bank as to the validity of the chargeback in recovering any chargeback amounts. A MINIMUM chargeback fee of $500.00 will be assessed to any Bidder who initiates a chargeback and Bidder acknowledges and agrees to pay this chargeback fee, regardless of the determination by the Bank or Credit Card Processing Company. Bidder also authorizes auctioneer to charge this credit card for any expenses incurred.
4. WAIVER OF LIABILITY: Bidders and guests assume all risks associated with attendance at preview day(s), auction day(s), and removal day(s). Bidder and guests shall be deemed to be there at their own risk with notice of the condition of the premises, the activities on the premises, and the conduct of the third parties, and the Bidder shall advise his agents and employees. Bidder and guests agree to indemnify REAF and Clients of any and all liability regardless of negligence.
5. FRAUDULENT BIDDING: Once the auction is complete and Bidder has won the bid, the Bidder is Responsible for merchandise and for full and complete payment. Non-paying or fraudulent bidding will subject the Bidder to legal recourse. Should Bidder not pay for merchandise, Bidder shall be responsible for any balance remaining, any collection costs, attorney fees, employee costs, and maximum allowable interest and service charges per IC28-7-5-1,2…38 from the date of Auction. Additionally, Bidder authorizes S & T Discount Depot to prepare and submit credit card slips using any of the charge cards given when registering or via phone or email to recover any & all balances remaining, disposal & labor fees, collection costs, and any other amounts unpaid. All amounts and judgments unpaid shall be assessed maximum allowable interest and service charges as allowed per IC 28-7-5-1,2…38. Bidder shall be responsible for any collection and/or legal costs incurred by S & T Discount Depot in the prosecution and/or defense of any collection and/or legal action regardless of which party initiates action. Any legal proceedings shall be governed by the Laws of the State of Indiana and all proceedings shall take place and be filed in the courts of Marion County, State of Indiana. Should Bidder not pay for the entire amount due on the bill Bidder specifically grants S & T Discount Depot the exclusive right to enter any property, without notice, by any means whatsoever, where the merchandise may be located, and grants S & T Discount Depot the right to reclaim all merchandise purchased at the auction without any liability for Trespass or Property Damage. Bidder will indemnify and defend S & T Discount Depot against any claims of Property Damage or Trespass by property owners. Additionally, Bidder grants S & T Discount Depot the exclusive right to file a Mechanics Lien, without notice, against any and all items purchased. S & T Discount Depot does offer Proxy Bidding Services. S & T Discount Depot may have a principal interest in this sale. The seller reserves the right to bid at this auction.
6. PICKUP/REMOVAL: All merchandise must be removed by the announced removal date or 24 hours after bidding closes. If a discrepancy is discovered, auction staff must be notified immediately at the time of pickup prior to the removal of item(s) from the facility. All costs, responsibility, and risks of such removal shall be borne by the successful Bidder. Any merchandise not removed shall be declared abandoned and Bidder loses all rights, title & interest in merchandise and shall be responsible for any removal costs & disposal fees. A 15% restocking fee will be charged. If for any reason successful Bidder fails to remove any purchases within the time specified, S & T Discount Depot shall have the right but not the obligation, in its sole discretion, to resell, discard or remove and store said purchase at successful Bidder's sole risk and expense, without waiving any rights that S & T Discount Depot or Seller may have against successful Bidder. Successful Bidder shall be liable for all storage charges and damages paid by S & T Discount Depot because of the failure to remove the purchase(s). Storage charges shall be assessed by S & T Discount Depot. I understand that S & T Discount Depot or its representatives are not responsible for lost or stolen items per the terms of the sale and provide merchandise checkout merely as a courtesy.
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