Page 22 - Toast to Your Health Wine Auction | University of Rochester Medical Center
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URMC reserves the right to withdraw any lot before
     or at the sale or combine two or more lots or add
     additional lots.

     The highest bidder acknowledged by the auctioneer
     shall be the buyer. The auctioneer has the right to reject
     any bid and to advance the bidder with his absolute
     discretion, and, in the event of any dispute between
     bidders to determine the successful bidder or to re-
     offer and resell the article in the dispute. Should there
     be any dispute after sale, URMC’s record of final sale
     shall be conclusive. On the fall of the auctioneer’s gavel,
     the buyer assumes full risk and responsibility for the lot,
     and the buyer will pay the full purchase price. Receipt
     of payment shall be deemed the completion of the sale.
     If the buyer fails to comply with any such requirement,                 TASTING
     the lot may be put up and sold again at the auctioneer’s
     discretion.                                                              TABLES
     If any applicable conditions herein are not complied
     with by the buyer, URMC may, in addition to asserting
     all remedies available by law, including the right
     to hold the buyer liable for the purchase price: (i)
     Cancel the sale, retaining as liquidated damages any
     payment made by the buyer; or (ii) Resell the property
     and the buyer shall be liable for the payment of any
     deficiency in the purchase price and all costs including
     warehousing, the expenses of both sales, reasonable
     attorney’s fees, and all other charges due hereunder
     and incidental damages.
     URMC reserves the right to refuse admission to the
     premises or attendance at the auction subject to its
     discretion.







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