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Terms & Conditions

Legends of Ranching Performance Horse Sale 2021

FROM: Colorado State University (CSU, the Auctioneer)
TO: All Sale Participants – Take Notice
# 1 LIMITATION OF LIABILITY; GOVERNING LAW

Neither the Auctioneer, any representative thereof, nor their consultants shall be responsible
for any liability whatsoever, including, but not limited to, the loss, damage, injury, death, or
illness of any horse, person, or property before, during, or after the sale. All horses consigned
to the sale are offered in accordance with the laws of the State of Colorado and all transactions
between Buyer, Seller and the Auctioneer are governed by the laws of the State of Colorado.
Sellers are hereby bound by the Consignment Agreement completed upon nomination of
sale entry, as well as these Conditions of Sale.
# 2 BIDDING PROCEDURE
The right to bid or repurchase a horse is reserved by the Seller or his representative. Title of
the horse passes to the Buyer automatically at the final fall of the Auctioneer’s gavel, unless
such repurchase is clearly indicated immediately by the Seller, his representative, or the
Auctioneer. The highest bidder shall become the Buyer. Any successful bidder shall sign a
Buyer’s Acknowledgment of Purchase that shall be presented by an auction clerk immediately
after the purchase has been made. The Auctioneer reserves the right to reject any and all bids.
# 3 ONLINE BIDDING

As a courtesy, if you are an approved buyer and unable to attend in person and cannot find
an agent to represent you at the sale, you may bid on-line through DVAuction. CSU cannot
guarantee your on-line bid will be represented.

# 4 BIDDING DISPUTES
If a dispute should arise between or among two or more bidders, the Auctioneer shall settle
the dispute, and his decision shall be absolute, final, and binding on all parties. In such a
case, the Auctioneer has the right, but not the obligation, to reopen the bid and ask for
advance bids, solely between the bidders having claimed the last bid. If there is no advance
bid, the horse shall be sold to the bidder from whom the Auctioneer recognized the final
bid. If for any reason the bid should be reduced below the recognized bid at the beginning
of such a dispute, the Auctioneer may reopen the bidding to all bidders with the highest
bidder becoming the Buyer regardless of whether or not the final bid exceeds the bid which
was originally disputed.
# 5 TITLE AND DELIVERY
Title passes to the Buyer automatically at the final fall of the Auctioneer’s gavel unless a
repurchase is made by the Seller, his representative, or the Auctioneer on the Seller’s behalf.
At such time, the Buyer assumes all risk of loss and the responsibility, maintenance, care and
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