The University of Tennessee- Knoxville

Knoxville, Tennessee

Online Sales - Terms and Conditions

 

All bidders and other participants of this auction agree that they have read and fully understand these terms and agree to be bound thereby.

 

The general terms and conditions listed below will apply unless modified by specific terms that may be posted in the description or special instructions sections posted for an individual auction.

 

Guaranty Waiver: All property is offered for sale “As Is, Where Is.”  The University of Tennessee- Knoxville (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale.  The Buyer is not entitled to any payment for loss of profit or any other money damages – special, direct, indirect, or consequential.

 

Description Warranty: Seller warrants to the Buyer that the property offered for sale will conform to its description.  Any claim for misrepresentation must be made prior to removal of the property.  If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid.  The liability of The University of Tennessee- Knoxville shall not exceed the actual purchase price of the property.  Please note that upon removal of the property, all sales are final.

 

Personal and property risk: Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the seller and GovDeals from liability therefore.

 

Inspection: Most items offered for sale are used and may contain defects not immediately detectable.  Bidders may inspect the property prior to bidding.  Bidders must adhere to the inspection dates and times indicated in the item description.  Please contact James Anderson, Warehouse Foreman, office: (865) 974-5058, fax: (865) 974-4959 or e-mail: auction@utk.edu to schedule an inspection.

 

Consideration of Bid: The University of Tennessee- Knoxville reserves the right to reject any and all bids and to withdraw from sale any of the items listed.

 

Buyer’s Certificate: Successful bidders will receive a Buyer’s Certificate by email from GovDeals.

 

Payment: Payment in full is due no later than five business days from the time and date of the Buyer’s Certificate.  Acceptable forms of payment are:

·         U. S. Currency

·         Certified Cashiers Check

·         Money Order

 

Checks shall be made payable to: The University of Tennessee.  Payments shall be made in person or mailed to:

            The University of Tennessee

            2111 Stephenson Drive

            Knoxville, TN  37996-4450

            Attn: Anna Grier

            Accounting Specialist

            Office Phone: (865) 974-7925

 

Removal: All items must be removed within ten business days from the time and date of issuance of the Buyer’s Certificate.  Purchases will be released only upon receipt of payment as specified.  Successful bidders are responsible for loading and removal of any and all property awarded to them from the place where the property is located as indicated on the website and in the Buyer’s Certificate.  The Buyer will make all arrangements and perform all work necessary, including packing, loading and transportation of the property.  Under no circumstances will The University of Tennessee, Knoxville assume responsibility for packing, loading or shipping.  Property may be removed between the hours of 9:00 to 11:30 a.m. and 1:00 to 4:00 p.m. Monday through Friday, excluding legal holidays and scheduled university closings. 

 

Default: Default shall include (1) failure to observe these terms and conditions; (2) failure to make good and timely payment; or (3) failure to remove all items within the specified time.  Default will result in termination of the contract and suspension from participation in all future sales until the default has been cured.  If the Buyer fails in the performance of their obligations, Seller may exercise such rights and may pursue such remedies as are provided by law.  Seller will notify GovDeals to take further action in cases of Buyer default.

 

Acceptance of Terms and Conditions: By submitting a bid, the bidder agrees that they have read, fully understand and accept these Terms and Conditions of Online Sales, and agree to pay for and remove the property, if the bid is accepted, by the dates and times specified.  These Terms and Conditions are displayed at the top of each page of each item listed on GovDeals.

 

Sales to Employees: Employees of The University of Tennessee- Knoxville may bid on the property listed for auction, so long as they do NOT bid while on duty.