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8th Annual Absolute Summer Auction
Saturday, June 3rd 9:00am

Terms & Conditions

All purchases are to be paid in full in U.S. funds on the day of the auction in BANK WIRE, CASH, or CASHIERS CHECK (Company OR Personal checks only when accompanied by a bank guarantee letter). No exceptions.

The purchaser shall not be entitled to possession on any part or parts of any of his purchases until the total purchase price of all his purchases has been fully paid.

Sales Tax:
All items are subject to state and local tax law. The Tennessee Sales Tax (Jefferson County) is 9.75% and applies to all sales, unless proper tax exemption forms are completed.

All Farmers must bring their new Tennessee Agricultural Sales and Use Tax Certificate of Exemption cards or sales tax will be charged.

Warranty:
All items are sold "as-is where-is" without any representation or warranties of any kind or nature, expressed or implied, including without limitation any implied warranty of merchantability and fitness for a particular payee. The description of items appearing in the catalog and in our advertising prior to this sale are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by owner or auctioneer concerning any item shall be construed as a warranty, either expressed or implied. It is the purchasers responsibility to inspect.

Owner Responsibility and Removal:
Purchases become the responsibility of and shall be and remain at the risk of the purchaser immediately upon acceptance of his bid. It is the responsibility of the purchaser to insure his purchases immediately. All purchases must be removed from the auction site within the time and in according to the procedures announced. All cost, responsibility, and risk pertaining to removal shall be borne by the purchaser. A purchaser is deemed to have accepted a lot when he makes his bid. Manner of Offering: The auctioneer reserves the right to group lots, make lots smaller or to add or delete to lots of the property to be sold at his discretion as well as the right to offer individually and/or by group. He also reserves the right not to accept or acknowledge any bid which is merely a fractional advance over the preceding bid.

Disputes Between Bidders:
The auctioneer shall designate the purchaser after each item of merchandise is auctioned. If a dispute arises between bidders, the auctioneer will have to reopen the bidding or designate the purchaser. His designation is final.

Auctioneer:
The auctioneer shall have the right to resell any property not paid for on the sale day as required by this contract. The defaulting purchaser agrees to indemnify and hold auctioneer harmless for any expenses of resale and collection and any damages resulting from sale.

Buyers Premium:
All Lots/Items are charged a 10% Buyer's Premium. Online Bidders will be charged an additional 2% Internet Purchase Fee on all online purchases.
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Pro Team Auction Company
1715 Garden Village Drive, Suite A,
White Pine, TN 37890
865-674-7002

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