Terms of Auction Trade Agreement
Hereunder are the contractual binding terms between Seller and Buyer.
In-Person/Electronic Signature. Seller and Buyer agree that these Auction Agreement Terms of Sale shall be both binding and enforceable as though an in-person signature was signed by parties instead of the electronically obtained signature.
Not Liable for Loss or Damage. Seller and Buyer agree that A ONE AUCTIONS is not responsible for any type of loss or damage to the Vehicle or related items.
Transaction Disclosure. Seller and Buyer agree that A ONE AUCTIONS have full right on transaction information disclosure to third parties including affiliates.
Buyer Agreement Terms. highest bidder agrees:
to buy the Vehicle for the bid price;
to not resell the Vehicle until the full amount has been transferred to A ONE AUCTIONS :
to, discontinue of reimbursement of Buyer’s compensation to A ONE AUCTIONS
shall be accepted;
that all orders to discontinue reimbursement shall be considered acts of fraud and an attempt to defraud by parties, with the intention to defraud in order to consummate the transaction;
that A ONE AUCTIONS may rightfully deposit any deposit upon receipt, irrespective of whether the Vehicle’s certificate of title has been provided by Seller;
that Buyer is solely responsible for Buyer’s own transportation to collect the Vehicle unless otherwise agreed upon between parties.
that all sums owed to A ONE AUCTIONS or its affiliates if necessary will be subtracted from any profits owed to Seller;
that A ONE AUCTIONS may withhold authorized payment to Seller pursuant to this right of payment;
All liability for a Vehicle is incurred by the Seller for the duration that the vehicle remains at seller’s premises. All liability is transferred to the Buyer once the Buyer receives the vehicle; and
that it is liable for performance of the requisite odometer mileage statement of the Vehicle and on the certificate of title.
Buyer Representations. Buyer only represents to A ONE AUCTIONS
that it is secure
that it is a licensed motor vehicle dealer with actvite license
that the Vehicle is purchased exclusively for resale only;
that the Vehicle is acquired for resale in the form of real personal property in the ordered way of business and is the type commonly acquired by Purchaser for resale;
that if it determines to export a Vehicle, it is solely liable for guaranteeing that the Vehicle meets any due export and import requirements;
that in the occurrence that the Vehicle is used for any purpose other than for resale, Buyer will liable for sale or use tax to the proper taxing authorities; and
that it holds the following: retail sales tax registration, certificate, license, or other permits, allotted by the sales taxing authority of Seller’s state, county, and the country as applicable.
that it is the right and lawful titleholder of the Vehicle except as set forth in the Vehicle’s announcements;
that the Vehicle has no liens and taxes except as set forth in the Vehicle’s announcements;
that has complete authority to trade and deliver title to the Buyer except as set forth in the Vehicle’s announcements; and
that Seller will license and reserve the same against the claims and demands of all persons.
Modifications or Refusals. All modifications or refusals must be initiated within 24 hours of Buyer’s receiving of the title. If the Vehicle is not paid in full within 24 hours of purchase or sale may be considered null and void at A ONE AUCTIONS discretion.
Title. Vehicles Title is transferred is passed to Buyer after full payment has been remitted.
Rights of A ONE AUCTIONS
After Seller receives payment, A ONE AUCTIONS shall be vested all of Seller’s and Buyer’s rights. Seller and Buyer agree to confer or sign whatever is necessary for A ONE AUCTIONS discretion and promptly upon request to secure such rights and to refrain from all prejudicial influence upon.
A ONE AUCTIONS retains full right to annul any contract.
A ONE AUCTIONS NOT RESPONSIBLE
Seller and Buyer agree that A ONE AUCTIONS is not responsible for any odometer mileage on the Vehicle or for the information enclosed in the state both parties are agree that all representations or disclosures concerning the Vehicle are solely the responsibility of Seller, whether made before the sale, on these Terms of Sale or otherwise and acknowledge and agree that A ONE AUCTIONS has not disclosed any information about the Vehicle. A ONE AUCTIONS is only executing an auction service and comprehensively refutes all expressed and implied warranties as to merchantability, fitness, or any other matter in particular.
Seller and Buyer mutually and cooperatively agree, to guarantee and hold A ONE AUCTIONS and its affiliates harmless from and against any and all liability due to any type of loss, damage, or any court matters directly or indirectly, any odometer dmaged, or any type of related matters to automobile industry including third party transportaion or any agent. c
A ONE AUCTIONS will not be responsible for anything excepts to connect the seller and buyer for the trade of their merchant.