Page 23 - Toast to Your Health Wine Auction | University of Rochester Medical Center

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.

22 TOAST TO YOUR HEALTH