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Auctioneer:
Gilbert L.
Slack
Auctioneer License Number:
AU 0000848
Horses Must Be Registered:
All horses to be sold by auction must be registered with the Paso Fino Horse Association, Inc.
BIDDING: The highest, bidder as
determined by the Auctioneer will be the
Buyer provided that the highest bid is at least the minimum sales price
established by the Seller, if any If any dispute arises during bidding,
the horse being auctioned will be put up for advanced bids. If there is
no advanced bid, the buyer shall be the bidder from whom the Auctioneer
recognized the last highest bid before the dispute arose. Bids shall
advance only by amounts determined by the Auctioneer. The Auctioneer
reserves the right to refuse any bid without cause and to cease the
bidding on any horse.
PAYMENT AND SALE TERMS: Buyer
shall pay for the horse immediately following acceptance of Buyer's bid.
Buyer shall make full payment of the purchase price, and any additional
charges due by Buyer, by cash, personal check, money order, cashier's
check, travelers check or a combination of these methods Title to the
horse, as evidenced by registration papers, will not be transferred to
the Buyer until the purchase price, and any additional charges due by
Buyer, have been received in full, i.e., until any and all checks have
cleared for payment. Any additional fee due by Seller shall be paid
immediately following acceptance of Buyer's bid. All horses are to be
sold without any warranty whatsoever.
RISK OF LOSS: INSURANCE. Buyer
assumes responsibility for the horse and risk of loss of the horse upon
tendering payment of the purchase price. If the purchase price of the
horse is paid other than completely in cash, Buyer and Seller will
arrange for full mortality insurance effective upon acceptance of
Buyer's bid in an amount 'lot less than the amount of the purchase price
not paid in cash Buyer and Seller each shall pay 1/2 of the cost of the
mortality insurance 'Which shall designate the Seller as joint loss
payee up to the amount of the purchase price not paid in cash.
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STALL FEE: TRANSPORTATION. Seller
shall pay the stall fee due for the horse. Buyer shall be responsible
for transporting each horse purchased at the auction. Each horse shall
be removed from the show grounds on or before Monday, May 28, 2001.
SELLER'S
REMEDIES UPON BUYER'S DEFAULT. If buyer defaults in payment of any
portion of the purchase price. Seller shall have available all
remedies provided by law, including without limitation the right to
repossession of the horse or to bring an action for specific
performance. Buyer shall be responsible for all costs incurred by
Seller to enforce Seller's rights, including court costs and
reasonable attorney's fees.
GOVERNING
LAW. Interpretation of these General Rules and resolution of any
dispute concerning any aspect of the auction shall be accordance with
the laws of the State of Florida.
AUCTION
MANAGEMENT NOT RESPONSIBLE. While auction management will attempt
to assure the accuracy of information presented, none of the Florida
Paso Fino Horse Association, Inc., its officers and directors or the
Auctioneer are responsible for errors or admissions. All persons
participating in or attending the auction do so at their own risk and
none of the Florida Paso Fino Horse Association. Inc., its officers
and directors or the Auctioneer are responsible for accidents,
injuries, or errors of any sort! that may occur in connection with the
auction.
ADDITIONAL
RULES. The management of the auction reserves the right to impose
such other rules and procedures as it declares reasonably necessary to
fairly conduct the auction.
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