The Dream Horse Diaries Continue. . . Pre-purchase exams are an important component of any horse sale. PPEs identify current problems and potential future problems that the horse may have. Some problems may affect a sale, some may not. You would not buy a used car without assessing various dings and dents and how they…
Contracts
Finding Your Dream Horse // Serious Buyer or Tire-Kicker? The Security Deposit
Tire-kicker or serious buyer? Once you have tried a horse for sale and are interested moving forward with purchasing it, one of the next steps is usually providing the seller with a security deposit. While not required by law, a security deposit is a monetary payment made from the buyer to the seller reflecting the…
Boarders and Fraudulent Checks in KY
Having financial issues with boarders is a common problem in the horse industry. Often, a boarder will get behind on monthly board payments but what happens when a boarder seemingly pays his/her bills, but in fact turns out to be writing fraudulent checks to barn owner? The appearance is that the boarder is taking care its…
Equine Event Releases, Waivers, and Indemnity Agreements
Question: I am planning an equine activity event, what should be contained in my event release for participants? Generally speaking, participants should sign some form of an event release, liability waiver, hold harmless, and indemnification agreement in connection with an equine activity event. Some general provisions to potentially include in a waiver/release, include but are not…
What to Know about Florida Horse Sales
Question: I am buying a horse in Florida, should I obtain a bill of sale? Florida has very strict provisions governing horse sales. The Florida Administrative Code, Section 5H-26.004 Bill of Sale, requires that the sale or purchase of a horse must be accompanied by a bill of sale that includes, among other items, 1-The…