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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 .
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. Therefore, the stud fee is ...
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
An agreement for the purchase of a horse had been completed between buyer and seller. Following the completion of the contract, the seller made a warranty that the horse was "free from vice". Upon delivery, it was discovered by the buyer that the horse was vicious in behaviour. The buyer consequently sued.
[a] However, BLM procedures do not ban the export of wild horses for sale and slaughter outside the United States. [73] In 2008, the Government Accountability Office (GAO) concluded BLM was not in compliance with the 2004 amendment, as the department had imposed limitations on the sale of excess horses to help ensure that they were not ...
Horses consigned to the sale are not "wild" horses or Mustangs which, under the Wild and Free-Roaming Horses and Burros Act of 1971, cannot be sold. Rather, consignments are horses selectively bred as bucking stock, excess or unsalable young horses from large ranches and spoiled riding horses that have become particularly adept at bucking off ...
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