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He told the man running the auctions, William Bindley, not to sell the horse. But by accident, Bindley did. The uncle, Paul Felthouse, then sued Bindley in the tort of conversion - using someone else's property inconsistently with their rights. But for the uncle to show the horse was his property, he had to show there was a valid contract.
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 .
[[Category:Horse racing templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Horse racing templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
You’ve thought through the costs of ownership, the time commitment and the logistics involved in owning a horse, and you’re ready to buy. Before you pony up, prepare to make a smart transaction.
An asset purchase agreement (APA) is an agreement between a buyer and a seller that finalizes terms and conditions related to the purchase and sale of a company's assets. [1] [2] It is important to note in an APA transaction, it is not necessary for the buyer to purchase all of the assets of the company. In fact, it is common for a buyer to ...
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