Terms and Conditions

Terms & Conditions
and Bidding Procedures

We encourage you to attend the sale in person. However, if you cannot, we offer an absentee and phone bidding service. The party who submits the absentee or phone bid is solely responsible for payment in full of the total invoice. We will NOT execute your absentee or phone bid order unless all necessary forms are completed and received no later than Wednesday, November 16, 2005 (Fax OK). For complete details and forms click here (pdf file, 50.7kb).

Terms and Conditions

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 4:00 – 5:00 PM, November 18^th . Questions about sale horses can be directed to N. E. Jack, Director, D. E. King Equine Program, (479)-575-4380. 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 Auctioneer shall adjudicate the dispute and the 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 up to 11:00 P.M. or during open barn hours the following morning (Sunday, November 19th, 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.

FOR LIABILITY REASONS, STUDENTS OR STAFF WILL LOAD ALL HORSES to leave the premises. A $25 a day boarding fee will be assessed for horses left after open barn hours (starting at 2:00 p.m., November 19th) 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.

Bidding Procedures

1. Please visit registration table for a buyer number.

2. Carefully study the Terms and Conditions of Sale in your catalog.

3. Study horse portfolios carefully as all sales are final. Horse portfolios will be on display with the horses in the D. E. King Horse Barn from 4:30 – 5:30, and in the lobby of the P.W. Animal Science Center thereafter. Be sure to read the first page of the notebook, as this will list any known physical problems or training challenges associated with each horse.

4. Highest bidders must report to cashiers office at east side of foyer to make payment.

5. Payment must be made by cash, cashier’s check, or personal check within thirty minutes of the conclusion of the auction.

6. All accounts must be paid in full on the evening of the auction.

7. If animals are purchased by personal check, title and/or registration papers will be held until funds clear the bank.

8. Horses purchased by cash or cashier’s check will receive their title and/or registration papers at the time of payment.

9. Horses must be removed from the farm immediately following the auction up to 11 p.m. or during open barn hours (Sunday, November 20th, 10:00 a.m. - 2:00 pm).

A $25.00 a day boarding fee will be assessed for horses or cattle left after open barn hours and an appointment must be made to pick up the horse or livestock.