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A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [ 1 ] [ 2 ] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction .
Never buy a horse without getting a pre-purchase veterinary exam. Explain to the vet what you want to do with the horse and they will analyze it accordingly so that it is fit for purpose.
Live foal guarantee is a common provision in horse breeding contracts.It is a form of a warranty offered to the mare owner by the stallion owner. Basically, it says that if the mare fails to produce a live foal from the breeding, the stallion owner will breed the same mare again without charging another stud fee.
Unlike a traditional hire purchase, where the customer repays the total debt in equal monthly instalments over the term of the agreement, a PCP is structured so that the customer pays a lower monthly amount over the contract period (usually somewhere between 24 and 48 months), leaving a final balloon payment to be made at the end of the ...
In horse trading, an equine prepurchase exam is an examination of a horse requested by the buying party prior to the purchase, in order to identify any preexisting problems which may affect a horse's future performance and reduce buyer risk.
WELLINGTON — Mark Bellissimo’s team has talked more about houses than horses as it’s tried to win approval for its plan to transform hundreds of acres in Wellington’s equestrian preserve.