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 10% 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. |
