Sale Information
Terms
of Purchase
12.
Terms of Sale are cash and payment in full must be made to the
cashier immediately after the sale. Valid personal cheques will
be accepted with proper identification (driver's license and
major credit card) and / or a Standby Financial Letter of Credit
from the buyer's bank.
13. GST will be charged on horses sold according to Canadian
Law.
14. The Sales Management will withhold registration papers until
the buyer's cheque clears the bank. At such time, all documents
will be processed for transfer to the buyer. The seller will
pay all transfer fees, according to Canadian Law.
15. Phone bids will be accepted if the following items are provided:
· A Standby Financial Letter of Credit from the bidder's
bank
· Driver's License and Major Credit Card information
· A signed bidder contract
To obtain a phone bidder number, contact Tammie Fulton at (403)
240-1721, or Jennette Coote at (403) 556-8046 and provide the
necessary documentation. To facilitate the necessary paperwork,
contact must be made prior to October 2, 2001.
Horses purchased via phone bids will be held at a central collection
point in Olds until payment is received in full. Hauling and
board at the facility will be at the bidder's expense.
16. Should the buyer fail to comply in any respect with all conditions
above, the Sales Management may, at its discretion, pursue any
remedy available against the defaulting buyer, including, but
not limited to, taking possession of the horse(s) and resale
of the horse(s) at public auction or by private treaty for account
of the defaulter. In such a case, the defaulter shall be liable
for any deficit in the account after payment of all costs of
maintenance and resale, attorney fees, costs of litigation, and
damages available to seller by law.