Lender Ordered - Textile Business Liquidation

deadlines &amp; close of online bidding<br>
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LIVE ONLINE BIDDING will be available for this auction through proxibid.com. This system will allow you to watch, listen and bid on items during the live event from the comfort of your own computer. If you cannot be available during the auction, the system will allow you to place pre-bids prior to the auction. Internet listing may not be complete until day before the Auction, so please keep checking back. Please Note that even though you may be registered with our online bidding system, you will be required to re-register with the live online bidding company to participate in the live online auction. If you have any problems registering, please call Proxibid at (877) 505.7770.<br>
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auction terms<br>
Buyer's premium<br>
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Live Bidding: For all cash or check purchases, a 10% buyer's premium will be added to the bid to establish the final price. For example, a bid of $100 will be assessed a $10 buyer's premium, creating a contract price of $110 plus sales tax.<br>
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Internet Bidding: For all cash or check purchases, a 13% internet buyer's premium will be added to the bid to establish the final price.<br>
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Credit Card Purchases: An additional 3% convenience fee will be charged for all credit card purchases.<br>
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Legal courses of action<br>
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Bids are a binding offer to enter a contract and you are responsible for honoring them. Every legal remedy available will be used to ensure buyer's performance of this contract. Buyer accepts responsibility for and agrees<br>
for buyer and all of buyer's agents, representatives, successors and assigns to indemnify, defend and hold harmless sellers &amp; L.W. Benton Company, Inc., their employees, governing body, officers, owners, affiliates, subsidiaries, directors, agents, and representatives from and against any and all claims, losses, damages, liabilities, judgments, fees, costs, and expenses including reasonable attorneys' fees and expenses related to, arising from, or<br>
associated with (I) the sale of the property, including, but not limited to, personal injuries or property damage incurred on the sale premises or during removal and transport of any auction item, (II) buyer's use of L.W. Benton Company, Inc.'s website and (III) a dispute with another bidder.<br>
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Arbitration<br>
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For disputes between buyer and seller or L.W. Benton Company, Inc., that are not resolved by the parties within ten days after any party gives notice to the others of its desire to arbitrate the dispute, the dispute shall be settled by binding arbitration by the American Arbitration Association in accord with its then-prevailing rules. Such arbitration shall be conducted in Macon, Georgia. Judgment upon the arbitration award may be entered in any court having jurisdiction. The arbitrator shall have no power to change the provisions of this agreement. The arbitrator shall consist of one arbitrator, who must be a real estate attorney actively engaged in the practice of law for at least the last five years.<br>
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Bid rejection<br>
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L.W. Benton Company, Inc. reserve the right to reject any and all bids from any bidder.<br>
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Bid retraction<br>
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By placing a bid, buyer and all other bidders acknowledge all terms of the auction and agree not to retract the<br>
bid. If a bidder cannot satisfy the terms of the auction, the bidder should not bid.<br>
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Assessment of condition<br>
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All bidders, including buyer, should rely solely on personal inspection and not information listed in these items, on the website, or otherwise provided by L.W.Benton Company, Inc. or seller. Any bidder's failure to inspect, or otherwise be fully informed as to the nature, quality, condition, quantity, and size of any items will not constitute grounds for any claim, adjustment, refund, termination of the Auction Contract, or refusal to close the sale.<br>
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Penalties<br>
Purchases not picked in accordance with the removal terms will be forfeit and resold to cover storage fees with no credit given to the original buyer. Buyers accounts will then be turned over to a collection agency for any delinquencies and storage fees yet unpaid.<br>
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Payment information<br>
For buyers attending the auction, payment must be made the day of the sale before removing any merchandise from the premises. Buyers who do not pay the day of the auction will be charged a $25 or 3% service fee per day, whichever is greater, for not paying and will be billed immediately. Payment must be made in the form of cash, cashiers check, official check, personal check along with bank letter of credit. We also accept MasterCard, Visa, Discover, and American Express however an additional 3% will be added to the buyer's premium, bringing your Buyer's premium to 13%. <br>
For Internet Bidders there will be an additional 3% proxibid fee to use the online live bidding system.<br>
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For internet purchases full payment will be charged to the credit card on file unless buyer notifies auctioneer of preferred alternate payment method. This payment must be received no later than 4:00pm EDT the following business day after the Auction. Items may not be picked up until full payment is made. Items can be picked up<br>
on the day of the auction or Friday following the auction from 10am - 3pm.<br>
Other available pick up times and dates to be announced at the Auction.<br>
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Item removal information<br>
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Merchandise must be removed immediately after the auction unless arrangements are made or items were won by the Internet bidding system. Internet purchases MUST be picked up after having paid as described above.<br>
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Shipping<br>
No shipping is available for these items unless prior arrangements are made with the auction company.<br>
Purchaser is responsible for loading all<br>
items.<br>
Items must be removed the day of the auction, unless special arrangements<br>
have been made with the Auctioneer. Any item left will be at right of removal by auctioneer.<br>
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Questions<br>
Please call L.W. Benton Co. at 478.744.0027 for more information. Problems with or questions about Internet bidding should be directed to [email protected].<br>
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Note<br>
Please note that we have not made any attempts to test any items. The bidder is responsible for inspecting the items themselves. Items may be missing parts including but not limited to keys. The Baja Motorsports are returns, overstocks, or display models. It is our recommendation to inspect these items prior to bidding online or at the live auction.<br>
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If you have any question about a specific item, please call us at 478-744-0027.