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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 .
The resulting live foals are not eligible for entry into the Australian Stud Book, but may be registered as racehorses and to permitted to compete in nearly all races on the Australian turf calendar except for several classics, semi-classics and set-weight races. The Australian Stud Book was a founding member of the International Stud Book ...
Formal recognition of Australian Stock Horses as a distinct breed began in June 1971 when over one hundred campdrafters and horse breeders met to form the Australian Stock Horse Society. The first sale of campdraft focused horses was held at the Landmark Classic Campdraft Sale, Tamworth on 24 May 2008. The 103 horses sold to (A$)$51,000 and ...
After the sale, Thomas promised Roscorla that the horse was sound; the horse turned out to be vicious. It was held that Roscorla could not enforce the promise, as the consideration given for entering into the contract to buy the horse had been completed by the time the promise was made; in a sense, the consideration was "used up". [15]
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