terms and conditions Legends of Ranching 2024 Performance Horse Sale
From: Colorado State University (CSU, the Auctioneer) To: All Sale Participants- Take Notice
No 1 Limitation of Liability; Governing Law Neither the Auctioneer, any representative thereof, nor their consultants shall be responsible for any liability whatsoever, including, but not limited to, the loss, damage, injury, death, or illness of any horse, person, or property before, during, or after the sale. All horses consigned to the sale are offered in accordance with the laws of Colorado and all transactions between Buyer, Seller and the Auctioneer are governed by the laws of the State of Colorado. Sellers are hereby bound by the Consignment Agreement completed upon nomination of sale entry and these Conditions of Sale. No 2 Bidding Procedure The right to bid or repurchase a horse is reserved by the Seller or his representative. The title of the horse passes to the Buyer automatically at the final fall of the Auctioneer’s gavel, unless such repurchase is clearly indicated immediately by the Seller, his representative, or the Auctioneer. The highest bidder shall become the Buyer. Any successful bidder shall sign a Buyer’s Acknowledgement of Purchase presented by an auction clerk immediately after the purchase. The Auctioneer reserves the right to reject all bids. No 3 Online Bidding As a courtesy, if you are an approved buyer and unable to attend in person and cannot find an agent to represent you at the sale, you may bid on-line through DVAuction. CSU cannot guarantee your on-line bid will be represented. No 4 Bidding Disputes If a dispute should arise between or among two or more bidders, the Auctioneer shall settle the dispute, and his decision shall be absolute, final, and binding on all parties. In such a case, the Auctioneer has the right, but not the obligation, to reopen the bid and ask for advance bids, solely between the bidders having claimed the last bid. If there is no advance bid, the horse shall be sold to the bidder from whom the Auctioneer recognized the final bid. If for any reason the bid should be reduced below the recognized bid at the beginning of such a dispute, the Auctioneer may reopen the bidding to all bidders with the highest bidder becoming the Buyer regardless of whether or not the final bid exceeds the bid which was originally disputed. No 5 Title and Delivery Title passes to the Buyer automatically at the final fall of the Auctioneer's gavel unless a repurchase is made by the Seller, his representative, or the Auctioneer on the Sellers behalf at such time, the Buyer assumes all risk of loss and the responsibility, maintenance, care and expenses for the horse sold passes immediately from the Seller to the Buyer. This shall be the condition in the case of
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