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Re: [RC] selling horse on payments--Advice Please - Sullivan

This can work, but basically, once the horse has left your property; she is responsible for care and injury. 
Put a clause in that there is a specific late fee if payments are late....and if a payment is missing entirely, you
take the horse back AND keep all payment made. If horse dies before all payments are made; she STILL owes you full value.
These things are all reasonable considering she is not buying the horse full price, up front.  YOU and doing HER a favor!
Hold any registration papers until horse is paid in full....
----- Original Message -----
Sent: Thursday, January 16, 2003 7:26 AM
Subject: [RC] selling horse on payments--Advice Please

I might be selling a horse with buyer putting money down and rest on payments. I have never done this but I know her (fellow endurance rider) and so I feel fairly comfortable doing this. She also takes very good care of her horses.
Anyone have any advice to give me? Anyone have any forms/contracts I could use? What happens if she doesn't make payments? After we start doing this, who legally owns horse--when she is paid in full or during payments? What happens if horse gets hurt before he is paid for under her care?
Karla Watson
Portland, Oregon

[RC] selling horse on payments--Advice Please, Karla Watson