Grand Prize Drawing: Grand Prize: Winner’s choice between a Corvette Stingray or $40,000
* Except as stated above
General Terms and Conditions:
The Car, if selected, will be transferred to the Grand Prize winner “as is, where is, and with all faults”. ASNN or Platinum VIP Events does not make or provide any representation, guarantee or warranty, expressed or implied, in connection with the Car and accepts no liability or responsibility regarding the construction or condition of the Car. ASNN or Platinum VIP Events does not warrant that the Car is of mercantile quality or that it can be used for any particular purpose. No express warranties are given and no affirmation or ASNN or Platinum VIP Events by words and/or actions will constitute a warranty.
At the time of closing, all federal and state income taxes and sales tax based on the value of the car, will be due from the winner. If the winner selects the alternate award of cash instead of the car, all appropriate and required federal and state taxes will be withheld by ASNN or Platinum VIP Events in accordance with federal and state law and ASNNor Platinum VIP Events will remit the balance of the cash prize to the winner. ASNN or Platinum VIP Events makes no guarantee that the Internal Revenue Service (IRS) will accept that value of the car for the purpose of determining any income tax that may be due from the winner. ASNN or Platinum VIP Events takes no responsibility for any tax liabilities. Consult your tax advisor.
ANY CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THE CONTRACT, OR THE BREACH THEREOF, SHALL BE SETTLED BY BINDING ARBITRATION ADMINISTERED BY THE AMERICAN ARBITARTION ASSOSIATION (PURSUANT TO ITS EXPEDITED PROCEDURES) UNDER ITS COMMERCIAL ARBITRATION RULES, AND JUDGMENT ON THE AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF.
By purchasing a raffle ticket and choosing to participate in the raffle, each raffle participant acknowledges and agrees that ASNN or Platinum VIP Events has the right, in its sole discretion, to elect not to proceed with the raffle for any reason whatsoever or for no reason, and in such event, a participant’s sole and exclusive remedy shall be to receive a refund of the full price paid by such participant for each raffle ticket purchased, without interest.