7.2 Personal cheques will only be accepted by prior arrangement with the Auctioneer. 7.3 All payments by credit card will incur a 2% merchant administration charge when used to pay any portion of the purchase price of a lot (lots if paid together) in excess of $10,000 AUD. Part payments only at Shannons’ discretion. 7.4 The lot must be collected from the auction venue no later than two business days after the auction unless specifically otherwise agreed to by Shannons. 7.5 In the event that the Bidder fails to settle payment of the balance of the purchase price in the required time: (a) the Vendor shall have the right to retain any deposit paid by the defaulting Purchaser and the Vendor may then or any time after at the Vendor’s option sell the lot either by private treaty or auction to any other Purchaser and the Bidder shall have no right or action against the Vendor or the Auctioneer and shall have no proprietary interest (legal, equitable or otherwise) in the lot. (b) in the event that the Vendor shall be unable to sell the lot for the same amount as the highest bid by the defaulting Bidder, the Vendor shall be entitled to recover the difference together with any other losses and expenses incurred by the Vendor against the defaulting Bidder. (c) the Vendor may abandon the lot and sue the Bidder for payment of the balance of the purchase price. Shannons Auctions Limited ABN 83 099 665 497