| CALIFORNIA
UNCLAIMED PROPERTY ONLINE TERMS AND CONDITIONS
All
persons desiring to bid must be registered to bid at LoneStarOnline.com
and must have complied with all registration, certification and any
other requirements of each specific auction prior to the posted deadlines
for each without fail. Only upon compliance will bidders be authorized
to bid on-line. Certifications and other documentation may be required
and may vary by auction. No exceptions will be made.
Lone
Star Auctioneers, Inc., herein after referred to as the Auctioneer,
reserves the right to add to or withdraw items from the auction on behalf
of the Seller. Changes to or additional terms and conditions, additions
or deletions to an auction may be posted by the Auctioneer prior to
or during the course of an auction. A good faith effort will be made
by the Auctioneer to post notification in the on-line auction site of
additions, deletions and changes to the descriptions or terms and conditions.
The Auctioneer will make a good faith effort to notify bidders of any
such changes by email. The Auctioneer will not be held responsible for
any discrepancies or failure in providing such information.
Lone
Star Auctioneers, Inc. neither conducts any appraisal nor has any association
with the appraiser for any auctions or items. The Auctioneer has no
control over the appraisal or value or description of any item and does
not warrant, stand behind or guarantee information contained in the
appraisal or description or any values associated thereto.
The
Auctioneer is acting as Agent for the Seller and all representations
made by Auctioneer are made on behalf of the Seller. The Auctioneer
is not responsible for the acts or representations of the Seller. Any
action or recourse will be directed to the Seller and not to the Auctioneer.
The descriptions contained in any material pertaining to each auction
have been provided exclusively by the Seller or the Seller’s appraisers.
The
Auctioneer reserves the right to reject any and all bids on behalf of
the Seller and to bid as agent for any Absentee Bidder. The Auctioneer
is not responsible for the acts or representations of the Seller. Any
action or recourse will be directed to the Seller and not to the Auctioneer.
All
items are sold AS IS, WHERE IS with no warranty, expressed or implied.
The Auctioneer shall not be responsible for the correct description,
authenticity, genuineness, or defect in any lot and makes no warranty
in connection therewith. No allowance, refund or set aside will be made
on account of any incorrectness, error in description, imperfection,
defect or damage. Any descriptions or representations are for identification
purposes only and are not to be construed as a warranty of any type.
By bidding on any item, the Buyer waives all rights to any recourse
based on quality, quantity, character, description or condition or other
aspect of the item.
Shipping,
handling and insurance are at the expense, liability and risk of the
Buyer. The Auctioneer will provide a tracking number to winning bidders
upon request in the event of delay or non-delivery of a shipment. The
Auctioneer will make a good faith effort to assist buyers with shipping
issues. Auctioneer shall not be responsible for non-delivery or for
any other matter or thing to any purchaser of any lot, in any event.
Merchandise not paid for within the specified time period may be resold
without notice or recourse. Please refer to each individual auction
for shipping and handling costs.
Full
and complete payment must be made in the required form and must be received
in Auctioneers’s office no later than the posted deadline following
each auction. Buyers are responsible for sending full payment by whatever
means necessary to meet the specified deadline for receipt of payment.
Payment must be made specifically as stated in the terms for each auction.
Seller shall retain full security interest in all merchandise until
full complete payment is made to Seller or Lone Star Auctioneers, Inc.
Shipping, handling, and insurance charges will be calculated and included
with the invoice for payment. Merchandise not paid for within the specified
time period may be resold without notice.
Upon
the sale of each lot, successful Buyer will be notified via email of
the final sale price, applicable sales taxes, shipping, handling and
insurance. All questions or disputes regarding buyer, lot identity,
price or quantity must be resolved immediately upon the sale of that
lot. No changes or adjustments will be made at any time. The record
of the sale kept by the Auctioneer will be taken as final in the event
of any dispute.
Auctioneer
is not responsible for any on-line bids received and/or executed after
the item is declared sold. The Auctioneer is not responsible for any
delay, discontinuation or interruption in the transmission or receipt
of bids or information in on-line auctions or in the operation or performance
of any software or software associated with on-line auctions.
All
descriptions of items in Seller’s auction provided orally or in
writing prior to or at the time of the auction are believed to be correct,
but the Auctioneer makes no representation or warranty, express or implied,
as to the accuracy of any such description, and hereby specifically
disclaims any claim of warranty. The Buyer hereby agrees to rely solely
on his/her own expertise to determine the value of any item purchased
rather than the description of any article contained in the website.
The
Buyer agrees that any item successfully bid upon will be paid for by
the Buyer within the specified period after the auction by Cashier’s
Check, personal or business check or other posted method. The Buyer
further agrees to send payment by a means which will ensure that the
payment is received in the Auctioneer’s office no later than the
time specified in the auction terms for that auction.
To
the extent that the bidder is an individual acting on behalf of a corporation
registered as the bidder, the individual bidder shall be jointly and
severally liable with the corporation for payment of the purchase price,
taxes, shipping, handling, insurance and any other applicable charges.
The Buyer acknowledges and agrees that no "stop payment" order
shall be issued or honored on any check. The Buyer further agrees that
a stop payment order shall be considered prima-facie evidence of intent
on the part of the buyer to defraud the Auctioneer and the Seller at
the time of delivery of the check. The Auctioneer reserves the right
to withhold shipment of purchased lots until each check has cleared
the bank.
The
Buyer agrees that the act of submitting a bid shall constitute acceptance
of each and every term and condition contained herein and of any additional
terms and conditions which may be posted for the on-line auction site
and/or the Auctioneers’ website. The Buyer agrees that in any
dispute between the Seller and the Buyer or between competing bidders
arising in connection with any sale at the auction, the Auctioneer shall
have the right but not the obligation to settle such dispute, and the
Buyer shall abide by the decision of the Auctioneer whose decision shall
be final with respect to such matter. The Buyer further agrees to indemnify
the Auctioneer for all liabilities, damages, costs, and expenses including
attorneys fees incurred in connection with any such dispute or in connection
with any claim, litigation, controversy, dispute or proceeding arising
from any purchase of an article by the Buyer, from any attempt to purchase
an item in an auction or from any subsequent sale of such article to
any third party.
Upon
payment of any amount to Seller, the Auctioneer or its assigns shall
be subrogated to all of the Seller's rights of recovery. The Buyer agrees
that any and all disputes arising from this auction will be resolved
solely through binding arbitration in Tarrant County, Texas.
The
Seller reserves the right to accept or reject any/all bids. All sales
are subject to confirmation by the Seller. Any Buyer who does not pay
for his or her purchases will not be allowed to register or participate
in any future auctions conducted by the Seller or the Auctioneer.
Full
and complete payment is due immediately upon notification of successful
bid by Cashier's Check, personal or company check or other posted method
and must be received by the Auctioneer by the posted deadline.
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CALIFORNIA UNCLAIMED PROPERTY ONLINE LEGEND
OF ABBREVIATIONS
Bril
|
Brilliant |
g
|
Gram |
pr
|
pair |
Ct
|
Carat |
GF
|
Gold
Filled |
TWA
|
Total
Weight Approximately |
Dia
|
Diamond |
K
|
Karat |
Unc
|
Uncirculated |
ESP
|
Estimated
Selling Price |
mm
|
Millimeter |
WG
|
White
Gold |
Est
|
Estimated |
Plat
|
Platinum |
YG
|
Yellow
Gold |
DESCRIPTION
OF ITEMS
Descriptions
of items are provided as a guide. Gold marks on items are accepted
as marked, but have not been assayed. Rolls of coins have not
been verified. Stones were not removed from their mountings for
testing or weighing. Neither Lone Star Auctioneers, Inc. nor the
State of California assume any liability as to the accuracy of
any description, quantity, weight, grade, quality, purity, value,
or any other feature(s).
Lone
Star Auctioneers, Inc. neither conducted an appraisal nor has
any association with the appraiser for this auction. The appraisal
is conducted under a contract with the State of California which
is completely separate from the Auction contract. The Auctioneer
has no control over the appraisal contract, and cannot warrant,
stand behind or guarantee information contained in the appraisal.
Further, Lone Star Auctioneers, Inc. will not refund or reimburse
the buyer’s premium on any item based on errors and/or omissions
of the appraisal. |
Bid
Rigging is a Felony
Agreements
among buyers at auctions not to bid against each other for the purpose
of purchasing goods at low and non-competitive prices is a criminal
violation of the federal antitrust laws, punishable by heavy fines and
imprisonment.
Section
1 of the Sherman Act (15 U.S.C. § 1) prohibits bid rigging agreements
among competitors if they affect or restrain interstate commerce. Upon
conviction, individuals are subject to a maximum fine of $250,000 and/or
3 years imprisonment. Corporations are subject to a maximum fine of
at least $1 million. Anyone caught "rigging bids" will be
subject to prosecution to the full extent of the law. Furthermore, anyone
caught will be permanently banned from future bidding on any and all
Lone Star Auctioneers auctions (live, webcast and on-line).
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