Legal Requirements For Selling Horses Article 9 of the Uniform Commercial Code provides the requirements and remedies to protect sellers who finance the purchase of property including horses Allocating the Risk of Loss or Injury This is one of the most challenging parts of a sales transaction Selling a horse is an important legal event and deserves significant attention to
Having a bill of sale or sales contract isn t just a nice way to document the process it s actually required by law in some places In Kentucky any horse sale over 500 constitutes the The Paperwork Once everything is smoothed out with the vet and you are convinced you ve found the right owner for your horse it s time to start the paperwork Still before you sign anything make sure the following criteria are met You are the legal owner of the horse or have the owner s approval to sell it
Legal Requirements For Selling Horses
Legal Requirements For Selling Horses
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12 Tips For Selling A Horse The Horse
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The trainer cannot sell the client a horse that the trainer knows or should know is unsuitable for the client s intended purposes A trainer has an affirmative duty to choose a horse that is suitable to the client When it comes to buying and selling horses full disclosure will always serve both sides well and getting it in writing even better The law creates a fine line between a seller s duty to disclose and a seller s right to remain silent The general rules are summarized as follows A seller cannot lie or mislead a buyer However sellers do not have to disclose every known fact regarding a transaction
For instance a sales contract can protect you from future claims by the buyer if it states that the horse is sold as is and includes a disclaimer of warranty that means no guarantees of future performance and soundness But if the contract requires you as the seller to disclose all existing defects then the buyer has a right to rely A Florida based seller of horses must comply with Rule 5H 26 004 of the Florida Administrative Code Florida s Bill of Sale Rule The Bill of Sale Rule requires specific language in a
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All sellers considering consignment to an auction should carefully review the consignment agreement or contract This agreement will contain the terms of your agreement with the auction company as well as the terms under which you agree to sell your horse This article is the second of a two part series on the legal aspects of buying and selling horses that was published in the October November 2020 Issue of the Aiken Horse Magazine Very early on a cold Christmas morning when I was eight years old I awoke excitedly and yelled to my little sister get up We both bounded down the stairs to
Legal obligations for anyone who is selling a horse You must have the legal right to sell the horse or have the authority from the legal owner to sell the horse 6 Check out the trial period environment before the horse leaves your possession One easy way to do this is to deliver the horse personally and make sure you feel comfortable with the place where the horse will be staying Talk to the buyer s trainer if applicable and watch them work for a while If you don t like what you see you can
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Legal Requirements For Selling Horses - The trainer cannot sell the client a horse that the trainer knows or should know is unsuitable for the client s intended purposes A trainer has an affirmative duty to choose a horse that is suitable to the client When it comes to buying and selling horses full disclosure will always serve both sides well and getting it in writing even better