Rudioso Sale-aug2017-Rev1

must look solely to the des ig nated con signor for re cov ery of any dam age by rea son
of the fail ure of any rep re sen ta tion or lim ited war ranty.
TWELFTH-CAT A LOG AND AN NOUNCE MENTS: Horses cat a logued in this sale
are of fered as rep re sented by con signor, and auc tion eer is not re spon si ble for
the ac cu racy of in for ma tion pro vided. While cer tain in for ma tion may have been
pro cured by auc tion eer from third par ties on be half of con signor, it is none the less
solely the re spon si bil ity of con signor to ver ify the ac cu racy of such in for ma tion and
to no tify the auc tion eer of any cor rec tions prior to sale. With re spect to pro duce records
of broodmares, the terms “bar ren” or “open” shall mean that the mare was
bred, was not found to have slipped, and failed to pro duce a foal. In case of er ror or
omis sion, buyer shall seek re dress only from con signor.
THIR TEENTH-AR BI TRA TION: 1. Any con tro versy aris ing out of a claim aris ing
un der WAR RANTIES shall be set tled by ar bi tra tion be tween the buyer and consignor
pur su ant to the fol low ing pro ce dure: Upon the auc tion eer’s de ter mi nation
that a claim un der such CON DI TIONS OF SALE has been timely and
prop erly pre sented by the buyer pur su ant to these CON DI TIONS OF SALE,
and upon no tice from the auc tion eer, the buyer and the con signor shall each select
a li censed vet er i nar ian ac cept able to the auc tion eer. If such vet er i nar i ans
fail to agree promptly as to the va lid ity of the claim, they or the buyer and the
con signor in volved in the con tro versy, shall agree upon a third li censed vet er i-
nar ian. If such two vet er i nar i ans, or the buyer and the con signor, are un able to
agree promptly upon the third vet er i nar ian, the auc tion eer shall ap point the third
vet er i nar ian. The third vet er i nar ian’s fee, ex penses and costs shall be paid by
the party whose prop erty the horse is de ter mined to be. The panel of three veter
i nar i ans shall con duct any tests, in ves ti ga tion, or ex am i na tions which they
deem nec es sary, and may, in their dis cre tion, con duct a hear ing by no ti fy ing the
auc tion eer to ar range for the hear ing, and shall, by ma jor ity vote, de ter mine the
va lid ity of the claim. The auc tion eer shall de ter mine the amount of re im bursement
due to a buyer whose claim is found to be valid and may, in its sole dis cretion,
con duct a hear ing to aid in mak ing such a de ter mi na tion, and such
de ter mi na tion shall be in cor po rated in the award.
2. Any other con tro versy be tween or among the buyer, con signor & auc tion eer
aris ing out of a claim made un der these CON DI TIONS shall be set tled by ar bitra
tion among the par ties in ac cor dance with the Amer i can Ar bi tra tion Assoc.
3. Ar bi tra tion un der 1 or 2 above shall take place in a lo ca tion to be des ig nated by
the Sale man ager. Judge ment upon any award ren dered by the ar bi tra tor(s)
may be en tered by any party and any court hav ing ju ris dic tion thereof. The auction
eer will be en ti tled to re im burse ment from the party whose prop erty the
horse is de ter mined to be for rea son able at tor ney’s fees and other costs incurred
in the ar bi tra tion and any re lated court pro ceed ings.
FOUR TEENTH-COL LAT ERAL AGREE MENTS: The auc tion eer shall not be
bound by any oral or writ ten agree ment or al leged agree ment vary ing from
these CON DI TIONS OF SALE be tween the buyer and the con signor un less
agreed to by the auc tion eer, and any con tro versy or claim be tween the buyer
and the con signor aris ing un der any such agree ment shall be a mat ter for their
res o lu tion.
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