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Horse Sales: Disputes Waiting To Happen

When people buy and sell horses, disputes - and sometimes lawsuits - can follow. These conflicts are often avoidable. As a lawyer who drafts contracts and has tried equine contract cases in two states, I write to discuss some problems that can occur in equine sale transactions and suggestions for avoiding them.

 

PROBLEM: Buying and Selling Horses on a Handshake

 

Oddly, people in the horse industry still deal on a handshake. The same person who expects a receipt from the restaurant after buying an inexpensive lunch might later buy a horse for thousands of dollars and seek absolutely nothing in writing. The problem is, with nothing in writing, sales disputes can become complicated and costly to resolve because the parties cannot agree on the contract's terms.

 

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Timothy & Denise Folck
1068 Wellington Way
Lexington, KY 40513
(859) 223-6728 ext. 107
& ext. 100
Fax (859) 223-6732
(937) 605.0725 / Tim Cell
(937) 605.0726 / Denise Cell

tim@folckequine.com
denise@equirisk.com

 

Copyright 2017 Folck Insurance, 

Global Indemnity Ltd 

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Marnitz & Associates 

www.equirisk.com

Chris Marnitz, President 

Brooke Marnitz, Vice President