149Conditions of Collector’s sale

149 Conditions of Collector’s sale

The following are conditions of sale in relation to sales by the Collector: (a) the Collector reserves the right to refuse the bid or tender of any person who has not satisfactorily complied with the conditions of previous sales; (b) the highest bidder or tenderer is the purchaser but, if any dispute arises about that bidder, the lot in dispute must be offered for sale again; (c) if the purchase money is not paid in cash on the acceptance of the bid or tender (the first acceptance): (i) the lot may be offered again; and (ii) the person whose bid or tender was the first acceptance is liable to pay to the Collector any loss sustained due to the failure to pay the purchase money; (d) the goods are sold with all faults and, if there is any discrepancy between the quantity stated in the sale list and the actual quantity available for delivery, the Collector is not required to deliver more than the quantity available for delivery; (e) all goods remaining in a warehouse after the sale are at the purchaser’s risk and expense; (f) if the goods are not collected within 14 days after purchase: (i) they may be again offered for sale by the Collector; and (ii) the original purchaser is not entitled to a refund of any money paid by the original purchaser.