This type of auction is also known as an auction Without Reserve. "Absolute Auction" or "Absolute" applies only if and when expressly indicated and means an auction at which property is sold to the highest bidder regardless of the amount of the final bid, with no limiting conditions, restrictions, or reservations. "Absentee Bidder" means a person or entity who has submitted an Absentee Bid. "Absentee Bid" means a bid on Property offered at the Auction that has been submitted by an Absenteeīidder with instructions for the execution of such bid during the Auction. The following definitions apply to these Bidder Terms and Conditions: By participating in the Auction (either in person or remotely), each Participant agrees to be bound by, and to abide by, these Bidder Terms and Conditions.ģ. The Auction is conducted in accordance with these Bidder Terms and Conditions. Auction Conducted in Accordance with These Bidder Terms and Conditions. Auctioneer is a licensed auction company in the Commonwealth of Pennsylvania (PA License Number AU005986).Ģ. LETTIERI, III, 1148 Capouse Avenue, Scranton, PA 18509 ("Auctioneer") and constitute a legal, valid, binding, and enforceable contract between Auctioneer and each Participant, and will be incorporated into the contract for of sale between each Buyer and Seller as Lots are Struck Off at the Auction.ġ. These Bidder Terms and Conditions apply to Auctions conducted by JOHN M. All sales are final with no implied warranties
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