Terms Of Purchase

Terms Of Purchase

1.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.

2.GST will be charged on horses sold according to Canadian Law.

3.The Sale 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.

4.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 5.

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.

5.Should the buyer fail to comply in any respect with all conditions above, the Sale 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.