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X-Line Asset Management (“X-Line”)
hosts a website offering an Internet
marketplace for online business-to-business
auctions and sales for used industrial
and surplus goods through its website
www.xlineassets.com. Unless otherwise
specified, X-Line Asset Management is
neither the buyer nor the seller but
acting as an agent assisting in the sale
of these surplus goods. Each sale may
have specific terms and conditions which
would supersede these General Terms and
Conditions.
1. All services offered by X-Line are
governed by these terms and conditions.
By registering with X-Line, you consent
to be bound to the terms and conditions
outlined here.
2. All assets will be sold to the highest
bidder provided however that at times minimum
reserving pricing may be set by the sellers.
Additionally some assets may be sold “subject
to seller confirmation” allowing
the seller to accept or reject the highest
bid. In all cases, X-Line may accept or
reject any or all bids.
3. All sales are final. No refunds or
returns are permitted.
4. All assets are sold “AS IS, WHERE
IS” with all faults. Neither X-Line
nor the sellers express any warranties,
statement of condition, functionality or
condition of any item. X-Line recommends
that all buyers inspect assets whenever
possible prior to bidding.
5. X-Line charges and collects at 15%
Buyers Premium from each successful sale.
6. Full payment is due prior to the removal
of any asset. Full payment must be received
48 hours from receipt of the invoice or
X-Line, at its sole discretion, shall have
the right to cancel the invoice and resell
the asset(s).
7. The seller and X-Line have the right
to remove assets either before or after
bidding has been completed. If bidding
has been completed and payments have been
received, X-Line will immediately refund
the money to the buyer.
8. For each sale, X-Line will announce
the removal period for each asset. The
seller and X-Line reserve the right to
charge the buyer for storage should assets
not be removed in the appropriate timeframe.
9. Buyers are aware that some assets being
sold may contain “hazardous substances”
as defined by state, local or federal laws.
It is the sole responsibility of the buyer
to inspect all assets prior to bidding.
10. Neither X-Line nor the seller(s) shall
be liable in any way for damages of any
kind sustained or claimed by any person
in connection with the auction.
11. The Terms and Conditions stated here
will be governed by the laws of the State
of California. All bidders expressly consent
to personal and exclusive jurisdiction
in the courts of the State of California
located in Santa Clara County. |
