1. Check to see where the tank has been kept/stored. Are you happy with what you see?
2.Check to see if any of the silicone has shrunk from the inside of the tank.
This often where severe pressure has been excerted from a full tank for a while and then emptied. the connsequence is that the glass doesn't contract as much as the silicone causing possible leaks under pressure.
3. A 120 G tank should have strengthners, maybe in the form of glass strips near the top of the tank. Make sure they are all secure and none of them show signs of damage. Aviod the tank if any damage to the strips. This shows the tank is twisted.
4.Check all around the tank, particurarly the corners for any signs of chipped or fractured glass. Again avoid the tank if anything is shown. Look out too for any signs of dullness from inside the glass. you will never get it to show clear again.
Whilst it may not be detrimental to the tank, it will detract from viewing the beauty of your fish.
Note too the gravel level, tide mark. Remember you will also need to bring your gravel up to at least that level to disguise the mark. Again that mark will never come off. Don't consider scrubbing the tank with any scourers, it will scratch the glass beyond repair.
Just a few things to watch out for!
hope I have been of help.