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Originally Posted by SentToStud
That's interesting stuff. Thanks for the look in.
When an offer is made and a contract signed, is there earnest money wired? If not, how does the contract get enforced upon the buyer? I.E., the horse vets fine then the buyer has remorse and doesn't pay?
I assume the veting process is done and paid for by the buyer? Does the seller have any recourse if the buyer claims the horse did not vett out well? i.,e., another 3rd party review?
I assume these contracts are generally written in favor of the buyer.
Thanks again.
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Unfortunately the blood-stock business isn't as protecting as say selling/buying real estate. Herein lies the biggest problem.