.
Applicable
Law - All horses are offered according to the laws
of the State of Arkansas. There are no warranties or guarantees implied as to the
fitness for any particular purpose(s) of any horse
offered in this sale.
All known unsoundnesses or vices shall be
documented, placed in notebooks, and made available for
review before the sale.
Buyers are cautioned to examine these notebooks and the horses closely
before purchasing. Every effort has been made to
give complete disclosure of all known negative factors
(health, disposition, management, etc.) on all horses in
the sale. However,
no agent of The
University of Arkansas can or shall be considered
responsible for any oversight of a fault.
Any desired Veterinary examinations are to be
conducted prior to sale day at the Buyer's expense, and
by appointment only.
There are no guarantees whatsoever regarding
broodmares in foal, pregnancy status, future "breedability"
or eventual foaling. All
horses are sold "caveat emptor" (buyer
beware)! All
sales are final. All
sales are absolute.
Public
Inspection -
Horses are available for public inspection from
5:00-6:30 PM, November 21. As
our primary mission is education, and disruption of
classes and laboratories is detrimental, we respectfully
request that inspection of sale horses be confined to
these dates and times.
Bidding
Procedure - Highest bidder shall sign an
Acknowledgment of Purchase.
Absentee bids must have payment method approved
prior to the sale.
The D. E. King Program Director will decline any
bids made by parties who have defaulted on former
purchases, or persons who in her sole judgment are not
responsible bidders, and the Program Director's decision
shall be final. To
prevent selling horses at or below slaughter price, the
Program Director reserves the right to set a "floor
price" on each horse. Besides this, no other
reserves shall be made.
Bidding
Disputes - Should any dispute arise between any two
bidders, the Program Director shall adjudicate the
dispute and her decision shall be absolute.
Bids received after the fall of the
"hammer" are not valid. In case of dispute
advanced bidding shall be restricted to the contending
parties, but should the recognized bid have to be
reduced below the bid at commencement of the dispute,
then bidding shall be reopened to all bidders.
Risk
to Horses - The purchaser, at the gavel fall,
assumes all risk and responsibility for the horse.
All horses must be removed from the farm
immediately following the sale or during open barn hours the following morning (Saturday, November 22, 10:00
a.m. - 2:00 pm). To take possession of an animal, the
sales receipt provided at time of payment will be
required. During the stay of the horse, students and
staff shall continue to provide all normal care. Students or staff will be available to assist with wrapping
legs (wraps are
not provided, in the interest of safety to your new
horse we recommend bringing wraps or bandages) and
loading of horses, but without any liability being
accepted for injury or accidents to animals, persons or
equipment. A
$25 a day boarding fee will be assessed for horses left
after open barn hours (starting at 2:00 p.m., November
22nd) and an appointment will have to be made for barn
staff to assist with pick up and loading.
During the
stay of the horse, neither the University of Arkansas,
its employees, officers or agents shall be liable for
any accidents, disease, death or injury to any horse.
Nor shall the aforementioned agents be
responsible for any accidents or injuries inflicted by
the horse on any persons, facilities or equipment.
WARNING:
UNDER ARKANSAS LAW, AN EQUINE ACTIVITY SPONSOR IS
NOT LIABLE FOR AN INJURY TO, OR DEATH OF, A PARTICIPANT
IN EQUINE ACTIVITIES PURSUANT TO ARKANSAS CODE
16-120-201 AND 16-120-202
Payment
- Purchaser must make payment by cash, cashier's
check or personal check within thirty minutes of the
conclusion of the sale, at which time a sales receipt
for the horse shall be given.
Make all checks payable to The University of
Arkansas Foundation.
On purchases by personal check, title and/or
registration papers shall be held until funds clear the
bank, at which time they shall be mailed or may be
picked up by the new owner.
Horses purchased by cash or cashier's check shall
have their title and/or registration papers transferred
at the time of payment.
Purchaser may not stop payment on a check given
in payment for a horse or its board for any reason.
Public
Liability - Neither The University of Arkansas, its
employees, officers or agents assume any responsibility
for any injury, death, or damage to a person or animal
of any kind. For liability reasons, horses may only be
handled and ridden by students in the University of
Arkansas program. Examine
horses at your own risk.
The public is cautioned to be extremely
careful while on the grounds examining horses and
particularly while horses are being ridden.
Do not enter stalls or paddocks unattended under
any circumstances. A student or staff member will be
happy to assist you in viewing the horses.
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