NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2003 Jun 20 @ 16:00UTC-08:00 : PST/AKDT
Rare signed document, 16 pages, 8.5 x 14, dated April 22, 1970. A lengthy security agreement in which Arnaz secures a grouping of race horses as collateral for a $594,000 loan which he is giving to Donald and Bonnie Brokaw. In excellent condition, Arnaz has initialed each of the first fifteen pages and signed in full on the final page in black ink. Nice! Est. 200 - 250
Auction Location:
United States
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Additional Fees:
Shipping Details:
It is the Bidder's responsibility to contact Odyssey after the sale to make shipping and packaging arrangements. Due to the fragile nature of some lots, Odyssey may be forced to charge additional shipping and handling. Lots indicated as being "framed" are shipped at the Bidder's risk. Taxes, postage, freight charges, if applicable, handling, insurance, the seventeen and one-half percent (17.5%) Buyer's Commission, and any other fees required by law to be charged or collected will be added to the invoice for any lot(s) that is invoiced to successful Bidders.
Payment Details:
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Odyssey shall not be bound by contrary opinions of other experts as a basis for a return or the cancellation of an Auction Sale, and accordingly, Bidder recognizes that any claim made by Bidder pursuant to these Terms and Conditions must be accompanied by credible and definitive evidence in order for Odyssey to consider the claim and further, there is no assurance that such claim will be validated by Odyssey. <p>g. All oral and written statements made by Odyssey and its employees (including affiliated and related companies) are statements of opinion only, and are not warranties or representations of any kind, unless stated as a specific written warranty, and no employee or agent of Odyssey has authority to vary or alter these Terms and Conditions of Auction Sale. Any alteration shall be effective only if in writing and signed by an officer of Odyssey authorized to do so. <p>h. Bidders shall have no recourse against the Consignor for any reason whatsoever. <p>i. 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It is the intention of Bidder that this waiver and release shall be effective as a bar to each and every claim, demand, cause of action and suit that may arise hereunder, and Purchaser hereby knowingly and voluntarily waives any and all rights and benefits otherwise conferred upon him by the provisions of Section 1542 of the California Civil Code, which reads in full as follows: <p>'A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR." <p>9. Disputes. If a dispute arises concerning ownership of a lot that has been bid upon, Odyssey reserves the right to commence a statutory inter-pleader proceeding at the expense of the Consignor and successful Bidder and any other applicable party, and in such event shall be entitled to its reasonable attorneys' fees and costs. 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The proceeds shall be applied first to the satisfaction of any damages occasioned by Bidder's breach, then to any other indebtedness owed to Odyssey, including without limitation, commissions, handling charges, the expenses of both sales, reasonable attorneys' fees, costs, collection agency fees and costs and any other costs or expenses incurred. Bidder is also liable to Odyssey if the proceeds of such sale or sales is insufficient to cover the indebtedness. Rights granted to Bidders under the within Terms and Conditions of Auction Sale are personal and apply only to the Bidder who initially purchases the lot(s) from Odyssey. The rights may not be assigned or transferred to any other person or entity, whether by sale of the lot(s), operation of law or otherwise. Any attempt to assign or transfer any such rights shall be absolutely void and unenforceable. No third party may rely on any benefit or right conferred by these Terms and Conditions of Auction Sale. <p>10. General Terms. These Terms and Conditions of Auction Sale and the auction shall be construed and enforced in accordance with, and governed by, the laws of the State of California, regardless of the location of the Auction Sale. Bidder acknowledges and agrees that the competent courts of the State of California shall have exclusive jurisdiction over any dispute(s) arising hereunder, and Bidder hereby agrees that any dispute arising hereunder shall be litigated exclusively in the courts of the State of California, regardless of any party's current or future residence or domicile. Bidder further agrees that venue shall be in the Superior Court for Orange County, in the State of California. Bidder agrees that any legal action with respect to this Auction Sale is barred unless commenced within one (1) year of the date of this Auction Sale. 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