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 1:00 – 2:00 PM, November
17th . 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 18th, 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
18th) 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.
Bid Procedures | Terms and
Conditions | Absentee and Phone Bidding
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