Creative Frames, Inc. Bankruptcy Auction

PERSONAL PROPERTY TERMS CREATIVE FRAMES, INC. AUCTION ALEXANDER AUCTIONS & REAL ESTATE SALES CHAPTER 7, BANKRUPTCY CASE # 06-11183 MARIANNA WILLIAMS, BANKRUPTCY TRUSTEE SATURDAY, SEPTEMBER 30TH, 2006 DRESDEN, TENNESSEE THE PERSONAL PROPERTY LISTED AND DESCRIBED ON THE ATTACHED LIST WILL BE OFFERED UNDER THE FOLLOWING TERMS AND CONDITIONS OF SALE, WHICH TERMS AND CONDITIONS OF SALE AND DESCRIPTIONS OF ITEMS LISTED ON THE ATTACHED, MAY BE AMENDED, UPDATED OR ALTERED AT THE TIME AND PLACE OF SALE FROM THE AUCTION BLOCK. THESE TERMS AND CONDITIONS OF SALE AND ANY ANNOUNCEMENTS FROM THE AUCTION BLOCK SHALL BE BINDING ON ANY BIDDER, WHETHER PRESENT OR REPRESENTED BY AN AGENT OR ABSENTEE BIDDER. BUYERS ARE BOUND BY THESE TERMS AND CONDITIONS OF SALE. TERMS OF SALE: ALL PERSONAL PROPERTY IS SOLD “AS-IS” AND “WHERE-IS” AND NEITHER ALEXANDER AUCTIONS & REAL ESTATE SALES NOR THE SELLER MAKES ANY EXPRESS OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND OR NATURE WITH RESPECT TO THE PROPERTY BEING SOLD. IN NO EVENT SHALL ALEXANDER AUCTIONS & REAL ESTATE SALES OR THE SELLER BE RESPONSIBLE FOR THE CORRECTNESS OF OR BE DEEMED TO HAVE MADE ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, FITNESS FOR PURPOSE, DESCRIPTION, SIZE, GENUINENESS, YEAR OF MANUFACTURE, ATTRIBUTION, PROVENANCE OR CONDITION CONCERNING THE PROPERTY OR ANY WARRANTY THAT ANY ITEM COMPLIES WITH ANY APPLICABLE FEDERAL OR STATE LAWS. NO STATEMENT SET FORTH IN THE ATTACHED LIST OR MADE AT THE SALE OR IN THE BILL OF SALE OR INVOICE OR ELSEWHERE, WHETHER ORAL OR WRITTEN, SHALL BE DEEMED SUCH A WARRANTY OR REPRESENTATION OR AN ASSUMPTION OF LIABILITY. 1. ALEXANDER AUCTIONS & REAL ESTATE SALES MAKES NO REPRESENTATION OR WARRANTY AS TO THE AUTHENTICITY OF ANY ITEMS IN THE AUCTION, INCLUDING THE INVENTORY, INCLUDING ARTISTS, PRINTS, NAME OF PRINTS, PRINT NUMBERS, NAME BRANDS AND LETTERS OF AUTHENTICITY. 2. ALEXANDER AUCTIONS & REAL ESTATE SALES MAKES NO GUARANTEE OR WARRANTY AS TO THE CONDITION, DISCOLORATION, AND STAINS ON ANY FRAMES, PRINTS, CARDS, PAPERS, MATT PAPER, BOOKS, FURNITURE AND OTHER INVENTORY. 3. LETTERS OF AUTHENTICITY WILL BE INCLUDED ONLY WITH PRINTS WHICH ARE STATED TO BE INCLUDED IN THE CATALOGUE. 4. PURCHASERS SHALL BID ACCORDING TO WHAT THEIR BELIEF THAT EACH ITEM IS VALUED AND REALIZES THAT ALEXANDER AUCTIONS AND REAL ESTATE SALES HAS PUBLISHED THE INFORMATION SUPPLIED TO THEM. THERE IS NO WARRANTY OR GUARANTEE MADE OR EXPRESSED OR IMPLIED AS TO THE AUTHENTICITY, THE CONDITION OR THE FITNESS FOR USE. ALL SALES WILL BE FINAL. 5. ON LINE BIDDERS SHALL BID WITH THE UNDERSTANDING THAT THERE IS NO EVALUATION OR INSPECTION PERIOD AFTER BIDS AND PURCHASES HAVE BEEN MADE. 6. LIVE AUCTION ONSITE BIDDING: 12% BUYER’S PREMIUM WILL BE ADDED TO FINAL BID OF EACH ITEM TO DETERMINE THE TOTAL SELLING PRICE INCLUDING ALL PERSONAL PROPERTY. 7. ON-LINE AND INTERNET BUYERS PREMIUM: 17% BUYERS PREMIUM PLUS ADDED TO ALL ONLINE BIDS TO REACH THE TOTAL SELLING PRICE. 8. ALL ONLINE BIDDERS MUST REGISTER AND BE PRIOR APPROVED TO BID THROUGH ALEXANDER AUCTIONS & REAL ESTATE SALES WITH CREDIT CARDS (ONLY MASTERCARD & VISA WILL BE ACCEPTED). 9. LIVE ONSITE BIDDERS MUST PRE-REGISTER FOR A BIDDING NUMBER AND GIVE EVIDENCE OF THEIR CREDIT-WORTHINESS. 10. ALEXANDER AUCTIONS & REAL ESTATE SALES MAKES NO GUARANTEE OR WARRANTY AS TO THE CONDITION, DISCOLORATION, AND STAINS ON ANY FRAMES, PRINTS, CARDS, PAPERS, MATT PAPER, BOOKS, FURNITURE, AND OTHER INVENTORY. 11. LETTERS OF AUTHENTICITY WILL BE INCLUDED ONLY WITH PRINTS WHICH ARE STATED TO BE INCLUDED IN THE CATALOG. 12. ALEXANDER AUCTIONS MAKES NO WARRANTY OR GUARANTEE EITHER EXPRESSED OR IMPLIED AS TO THE AUTHENTICITY, THE CONDITION OR THE FITNESS FOR USE. 13. ONLINE BIDDERS AND LIVE AUCTION BIDDERS SHALL BID WITH THE UNDERSTANDING THAT THERE IS NO EVALUATION OR INSPECTION PERIOD AFTER BIDS AND PURCHASES HAVE BEEN MADE. 14. ALL SALES ARE FINAL 15. A MINIMUM ONLINE BID FOR INVENTORY, EQUIPMENT, & PERSONAL PROPERTY SHALL BE $ 50.00 PER LOT. 16. DISPUTE BETWEEN BIDDERS: IF ANY DISPUTE ARISES BETWEEN TWO OR MORE BIDDERS, THE AUCTIONEER MAY DECIDE THE SAME OR MAY IMMEDIATELY PUT THE LOT OR ITEM UP FOR SALE AGAIN, AND RE-SELL TO THE HIGHEST BIDDER. THE DECISION OF THE AUCTIONEER SHALL BE FINAL AND ABSOLUTE. 17. PAYMENT: ALL PURCHASES MUST BE PAID FOR DAY OF AUCTIONS IN US CURRENCY. ALL BUYERS AGREE TO PAY FOR THEIR PURCHASES NO LATER THAN THE DAY OF THE AUCTION. 18. PAYMENT SHOULD BE MADE BY CASHIER'S CHECK, CERTIFIED BANK CHECK ,WIRE TRANSFERS IN FAVOR OF ALEXANDER AUCTIONS & REAL ESTATE SALES ESCROW ACCOUNT. 19. PURCHASERS WHO WISH TO PAY WITH A PERSONAL CHECK MUST PROVIDE A IRREVOCABLE BANK LETTER OF CREDIT .MADE OUT TO ALEXANDER AUCTIONS & REAL ESTATE SALES UNLESS PRIOR APPROVAL IS GIVEN BY ALEXANDER AUCTIONS. 20. ALEXANDER AUCTIONS & REAL ESTATE SALES WILL NOT TOLERATE ANY EXCUSES FOR A CHECK THAT DOES NOT CLEAR. PERSONAL CHECKS ARE ACCEPTED FROM PEOPLE WHO WE HAVE APPROVED AND WE EXPECT THESE CHECKS TO CLEAR THE BANK IMMEDIATELY. 21. CONFIRMATION OF PURCHASE: TITLE TO THE PROPERTY SHALL PASS TO THE BUYER UPON THE FALL OF THE AUCTIONEER'S HAMMER, SUBJECT TO THE COMPLIANCE BY THE BUYER OF THE CONDITIONS OF SALE. BUYER ASSUMES ALL RESPONSIBILITY FOR THE ITEM OR ITEMS AND SHALL PAY THE TOTAL PURCHASE PRICE. 22. REMOVAL OF PROPERTY OR STORAGE: NONE OF THE PROPERTY MAY BE REMOVED FROM THE PREMISES UNTIL THE TOTAL PURCHASE PRICE HAS BEEN PAID. ANY ITEMS LEFT AND NOT REMOVED FROM THE PREMISES REMAIN AT THE SOLE RISK OF THE BUYER. 23. INVENTORY AND EQUIPMENT REMOVAL TIME PERIOD 24. THE CLARK FORKLIFT CAN NOT BE PICKED UP UNTIL THURSDAY, OCTOBER 5TH. SELLER RETAIN THE USE OF THE FORKLIFT UNTIL THE DATE OF PICKUP. 25. SMALL MISCELLANEOUS ITEMS AND EQUIPMENT MUST BE REMOVED AUCTION DAY. 26. LIVE AUCTION PURCHASERS, ONLINE PURCHASERS, AND ABSENTEE PURCHASERS SHALL PAY ALL E ALL EXPENSES OF PACKAGING, INSURANCE, MAILING AND/OR SHIPPING COSTS. 27. SALES TAX: SALES TAX REQUIRED ON ALL INVENTORY PURCHASES, UNLESS A PURCHASE HAS A LEGAL TAX EXEMPT RESALE CERTIFICATE. TENN. SALES TAX RATE IS 9.75 % 28. ABSENTEE BIDS: ALEXANDER AUCTIONS & REAL ESTATE SALES RESERVES THE RIGHT AND DOES ACCEPT ABSENTEE BIDS FROM INDIVIDUALS AND WILL ATTEMPT TO EXECUTE THESE BIDS. ITEMS WILL BE SOLD TO SAID INDIVIDUALS PROVIDED THEY ARE THE HIGHEST BIDDER. ANYONE DESIRING TO LEAVE AN ABSENTEE BID ON ANY ITEM SHALL CONTACT ALEXANDER AUCTIONS AND REAL ESTATE SALES OR GO BY THE CASHIER'S DESK, SIGN AN ABSENTEE FORM, AND LEAVE PAYMENT. YOUR BID WILL BE EXECUTED. IN THE EVENT YOU ARE NOT THE SUCCESSFUL BIDDER, YOUR MONEY WILL BE REFUNDED. 29. ALL SALES ARE FINAL. ALL PURCHASERS ARE RESPONSIBLE FOR THE ITEM UPON THE FALL OF THE HAMMER. ALEXANDER AUCTIONS & REAL ESTATE SALES WILL NOT ACCEPT ANY MERCHANDISE BACK BECAUSE YOU HAVE DECIDED THAT YOU DO NOT WANT IT OR YOU MAY DECIDE YOU HAVE OVERPAID FOR IT. IF YOU PURCHASE AN ITEM AND DO NOT PAY FOR IT, THEN WE WILL PROCEED TO COLLECT FOR THE ITEM IN A LEGAL MANNER. 30. ALL ANNOUNCEMENTS MADE FROM THE AUCTION STAND WILL TAKE PRECEDENCE OVER ANY PREVIOUS ANNOUNCEMENTS OR STATEMENTS. 31. PURCHASER SHALL BE RESPONSIBLE FOR THE LOADING AND MOVING OF THEIR ITEMS. 32. ALEXANDER AUCTIONS & REAL ESTATE SALES DOES NOT FURNISH HELP TO MOVE ITEMS. ALEXANDER AUCTIONS WILL ASSIST PURCHASER TO ARRANGE FOR AGENTS OR QUALIFIED PEOPLE TO PACK AND SHIP PURCHASES. IN THE EVENT AN EMPLOYEE OF ALEXANDER AUCTIONS & REAL ESTATE SALES ASSISTS IN THE MOVING OR LOADING OF AN ITEM, ALEXANDER AUCTIONS & REAL ESTATE SALES SHALL NOT BE RESPONSIBLE FOR ANY DAMAGE OR ACCIDENT THAT MAY OCCUR TO THE ITEM OR PERSON THEY ARE ASSISTING. WE APPRECIATE YOUR ATTENDING AND PARTICIPATION IN THIS AUCTION AND WILL BE GLAD TO ANSWER ANY QUESTIONS YOU MAY HAVE. Alexander AUCTIONS & REAL ESTATE SALES, AGENT FOR THE SELLER MARVIN E. ALEXANDER, CAI - LIC. #9, FL #107 MARTIN, TN 38237  (731) 587-4244  EMAIL: alexanderauctions@frontiernet.net CHECK OUT OUR WEBPAGE FOR UPCOMING AUCTIONS: www.alexanderauctions.com

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