A3856 L46 - Bog CFA Exam Prep SchweserNotes

1. Goods purchased as consigned
All goods are sold to the highest bidder in the condition in which they are found at hammer price and without liability for either the client or the auctioneer of any kind, including liability for measurements, weight, age and description. Cataloging is to the best of our knowledge. Any damage is not listed. It is up to the buyer to check the goods themselves or take the risk that these do not work and as there has been an inspection, complaints will NOT be accepted. Reservations are made for errors and defects. 

2. VAT and fees
An auction fee of 20% of the bid amount is added to the bid amount, however, a minimum of DKK 50 per catalog number. Both the bid amount and the auction fee are subject to applicable VAT (25%), i.e. the fee including VAT is 50%. For passenger cars, caravans and motorcycles, VAT is only added to the fee, so the fee including VAT on these items is 25%.

3. Payment

Payment for purchases must be made via bank transfer, card payment, or MobilePay.
Cash and checks are NOT accepted as payment. Goods can only be handed over once the payment has been registered in our account.

It is possible to pay with the following cards:

• Dankort
• VISA
• VISA Debit
• Mastercard
• Mastercard Debit
• MobilePay

Card payment is only possible for order amounts up to DKK 4,000.-

A card fee is charged for corporate cards and cards issued outside the EU/EEA. The card fee is 1.95% excluding VAT for DK corporate cards and 2.95% excluding VAT for EU/EEA corporate cards as well as cards issued outside the EU/EEA. The fee will only appear after entering the card number and will be shown on the final invoice after completing the payment. The fee displayed in the payment window includes VAT.
When paying by card, the amount will be debited immediately.
When paying for orders with added shipping, the amount will be debited immediately.

Goods can only be handed over once the payment is registered in our account.

The Auktionshuset dab uses the Netaxept linkpayment payment system, which is part of NETS A/S. The use of payment or credit cards on the website is therefore safe and certified by NETS A/S. Making purchases on the website takes place via an SSL-encrypted connection.
Auktionshuset dab A/S does not have access to see card information, furthermore Auktionshuset dab cannot withdraw an amount other than what the customer has approved in the payment window.

4. Stricter rules for the collection of VAT:
There are stricter requirements for documentation that the seller is entitled to VAT exemption in connection with pick-up purchases, where a foreign buyer collects goods from a Danish seller. For sales to another EU country/other foreign countries, the seller (Auktionshuset dab A/S) must charge VAT. VAT can be refunded under certain conditions. If the buyer collects the goods himself, the buyer must provide a declaration to the seller (Auktionshuset dab A/S) stating
that the goods have been sent or transported from Denmark, the destination of the goods, the means of transport and registration number of the means of transport and that the goods have been received at the delivery address.

If someone else, e.g. a carrier, collects the goods for the buyer, the buyer must also bring a power of attorney and photo identification.

Please contact the auction house for detailed export instructions.

We must receive the documentation no later than 14 days after the last pick-up day. If the submitted documentation is sufficient according to SKATS rules, we will issue a credit note and a new invoice without VAT and then transfer the VAT to the buyer, less a handling fee of DKK 350.

5. License plates for vehicles
License plates for vehicles are not included. Furthermore, it must be expected that only one key is included with the vehicle.

6. Pledge on vehicles
Vehicles registered in the Central Register of Motor Vehicles (CRM) may have a registered mortgage. The buyer can check this in the vehicle register at www.tinglysning.dk. Auktionshuset dab A/S always checks this and ensures that any mortgage will be canceled in connection with the sale. However, mortgage holders (banks, financial institutions, tax authorities, etc.) rarely cancel a mortgage before receiving the proceeds of the sale. The buyer should therefore expect a cancellation period of 2-3 months. In rare cases, e.g. in the case of a forced sale through the enforcement court, it can be 4-5 months.

7. Damage during collection 
Damage caused during collection and removal of purchased items shall be paid by the buyer or repaired at the buyer's expense.

8. Buyer's liability for purchased goods 
The buyer is fully responsible for ensuring that purchased items meet all legal requirements before they are put into use. The buyer is also fully responsible for obtaining permission for the use of various software/patents etc. from the respective rights holders.

9. Transfer of risk after hammer price
After hammer price, the items are at the buyer's expense and risk. In the event of damage to items during loading and unloading, the Auction House is not liable for compensation.

10. Delivery 
Delivery takes place upon presentation of a paid invoice. Please note that delivery days MUST be observed. A longer deadline for delivery of goods may be permitted by prior agreement for goods that are to be dismantled.

Title does not pass to the buyer until payment and collection of items have been made in due time.

The buyer must present a paid invoice upon collection. Where the buyer has a haulier etc. pick up purchased items, they must bring an original copy, photocopy or fax copy of the paid invoice. All traffic in the auction area is at your own risk.

11. Loading upon delivery
For insurance reasons, Auktionshuset dab does not provide forklifts, lifting trucks or personnel for loading items.

12. Defects in purchased goods
The Danish Sale of Goods Act's rule on defects can be invoked in connection with purchases made as a private individual. 
12.1 The rule on defects cannot be invoked if this is due to normal wear and tear, incorrect use, transport damage, breach of contract or damage that was present at the time of purchase. The buyer cannot make use of the remedy of defects if the defect was clearly described or shown at the time of purchase or collection.
12.2 The rule on defects cannot be used for the purchase of, among other things, food, health food, beverages, wine and software licenses where the seal has been broken.
12.3 If the buyer is entitled to use the rule on defects, the buyer must contact Auktionshuset dab A/S in writing within two years of the transfer of ownership from Auktionshuset dab A/S to the buyer.
The buyer is responsible for returning the goods in the same condition as at the time of purchase.
12.4 If the rule on defects is invoked, the buyer cannot claim payment of interest on the purchase price or other expenses and losses.
12.5 If the rule on defects is invoked, the buyer is entitled to either exchange the goods, repair the goods, reduce the purchase price or cancel the purchase.

13. Right of withdrawal
For private purchases of items on an online auction, the buyer has a 14-day right of return from the day the item is received. After this, the consumer has a further 14 days to return the goods.
Any costs associated with the transportation of purchased items returned by the buyer are paid by the buyer.
If the buyer exercises his right of withdrawal, Auktionshuset dab A/S will refund the payment immediately after the item has been returned and received by Auktionshuset dab.
The Auction House dab reserves the right to assess abuse of the right of withdrawal, and the Auction House dab may therefore choose to TERMINATE the customer relationship and inactivate the customer's account.

Traders do not have the right of withdrawal according to current legislation

Auctioneer:
Auktionshuset dab A/S
Teglbækvej 12-14
DK-8361 Hasselager
CVR: DK-49757816
Phone: +45 8622 2209