Auction Terms & Conditions 1) Mt Airy Livestock Exchange acts as selling agent only and makes no representations or warranties whatsoever as to the livestock being sold. 2) There is no guarantee of any horse sold in this sale except when the owner makes a specific guarantee. In such case, right of recourse must be directed to the seller. It is the buyer's responsibility to check registration papers before removing horses from premises. 3) Title passes to the buyer at the fall of the hammer, at which time the buyer assumes all risk and responsibility. 4) Should a dispute arise between two or more bidders, the auctioneer's decision shall be final 5) 3% buyers premium to purchase ONLINE only.