- The auction will be conducted in terms of the Magistrates' Court Act and the Rules promulgated thereunder (where applicable)
- All the articles presented for auction will be sold without reserve to the highest bidder. The goods will be sold "as is" and no guarantee of whatever nature will be given. The purchaser shall be obligated to do all things that may be necessary to obtain any license or attend to any registration of ownership required by any statute.
- Our terms are cash or electronic transfer, payable immediately after the sale. In the event of a purchaser being unable to pay by cash or EFT acceptable to the Sheriff, the articles purchased will again be put up for auction and the original bidder may be held responsible for any deficit in the prices as a result of his default. No CHEQUES will be excepted for payment.
- Value Added Tax will be added to all goods to which value added tax is applicable in terms of the Value Added Tax Act No. 89 of 1991 as amended.
- The Sheriff reserves the right to decide who is the last bidder and also reserves the right to refuse any bid without giving a reason.
- All goods purchased should be removed (and paid for) immediately after the sale, unless alternative arrangements have been made with the auctioneer, failing which storage charges will be levied.
- Although ownership will only pass to the purchaser on receipt of the full purchase price, all risks as to the goods purchased will however pass from the time of acceptance of a bid by the sheriff or auctioneer.
- The decision is NEUGEBAUER & CO. LTD vs HERMAN 1923 AD (574) must be noted: "It is a fraud against the seller if buyers form a "ring" or a "knockout" arrangement, that is to combine or to stifle competition by not bidding against each other in order to obtain an article or articles at a decreased price." Where the Sheriff has reason to believe that a bidder is a ring member, he is not obliged to recognise the bid.
- Bids will only be accepted from persons who have been registered as prospective bidders and who are in possession of a bidding number
By order
A J L TOBIAS
SHERIFF FOR CAPE TOWN NORTH