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Exposición de Otoño Nuestros Caballos 2010 - Asociación ...

Exposición de Otoño Nuestros Caballos 2010 - Asociación ...

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SALES CONDITIONS<br />

1.- The animals inclu<strong>de</strong>d in this catalog, will be sold according to the common conditions of the sales relating to this kind of<br />

transaction. The most important terms and conditions are stated in <strong>de</strong>tail below. It is un<strong>de</strong>rstood that each one of the persons<br />

who participate and assist to the sale store or make offers to acquire certain animals, accept in full all the terms and conditions,<br />

whether general or particular, of the auction.<br />

2.- Once the auction is initiated, the auctioneer (martillero) shall announce the particular conditions which will be ruling the<br />

auction, without prejudice of the general conditions mentioned herein.-<br />

3.- The commission is of 7 % plus VAT (21%) to the Purchaser. * VAT surcharge for non – resi<strong>de</strong>nt foreign: 10,5%.<br />

4.- The animals shall be sold in the sight of the interested parties. Notwithstanding, all the animals that are for sale could be revised<br />

by all the interested parties, or by the professionals they appoint.- Such revision could be performed in the sale store on the date<br />

of the auction until the initiation of the auction.-<br />

In connection with the abovementioned matters, all purchasers acquire the animal they have in sight, in the manner the animal is,<br />

and it shall be consi<strong>de</strong>red that the animal is well-known and acknowledged by the interested party, and that the interested party<br />

accepts all the attributes and virtues of the animal, with its possible <strong>de</strong>fects, <strong>de</strong>ficiency or anomalies the animal could have.<br />

5.- After the sale of the animal, the seller or the Auction Firm shall not accept any claim which pretends to rescind or terminate<br />

the transaction, obtain a discount in the price, or <strong>de</strong>lay the compliance of the payment or formalities; claim for damages and<br />

prejudices or any “other pretension” based in the <strong>de</strong>ficiency or mistakes relating to the pedigree, brochure, publicity, physical state,<br />

organic, reproductive or functional of the animal which has been acquired.<br />

6.- The payment of the price relating to the acquisition of the animal shall be ma<strong>de</strong> “in cash”, on date of the purchase, except that<br />

before initiating the auction, the bid<strong>de</strong>r/ purchaser, has requested the Auction Firm and the seller has issued his conformity in writing,<br />

so that in case the bid<strong>de</strong>r results to be a purchaser, he can make the payment in the manner and in the terms different to the<br />

ones stated herein. It shall be consi<strong>de</strong>red as “particular concessions” the concessions granted to the persons who have requested,<br />

and therefore, they shall not be applicable to other purchasers nor to the other transactions done by the same purchaser.<br />

7.- Each one of the persons who has purchased one or more animals, before leaving the sale store, shall comply with the following<br />

obligations and formalities:<br />

a).- Sign the documentation relating to the purchase Boleta <strong>de</strong> venta (Sale Agreement), Contrato <strong>de</strong> Compra (Purchase Agreement),<br />

Título <strong>de</strong> Deuda (Debt Titles), Pagarés (Promissory Notes), etc., in such connection the purchaser shall show his ID (documento<br />

<strong>de</strong> i<strong>de</strong>ntidad), copy of the registration with the AFIP (Argentine Fe<strong>de</strong>ral Tax Boureau), constitute a domicile and provi<strong>de</strong> a<br />

telephone number for contact. In addition, the purchaser shall submit all the information necessary for the removal and <strong>de</strong>stiny<br />

of the animal/s,<br />

b).- Pay the “purchase price”, the “auction commission”, plus VAT (Value Ad<strong>de</strong>d Tax), and the costs for stamp tax and expenses<br />

relating to the documents that have been executed regarding the transaction.<br />

c).- Pay the costs that the animal could <strong>de</strong>mand, after its acquisition in the auction.<br />

d).- Remove the purchased animal of the sale store within 24 hours after the termination of the auction.<br />

Since the moment in which the auctioneer (martillero) <strong>de</strong>clares which one is the purchased animal, the purchaser is in exclusive<br />

charge of such animal and shall afford all the costs, expenses and assume the liability in connection to such animal.<br />

The non compliance with any of the obligations mentioned above, shall entitle, previous intimation for 48 hours to the domicile<br />

informed in the Sale Agreement (Boleto <strong>de</strong> Compra), to the seller and/or the Auction Firm to leave without effect the transaction<br />

and recover the animal, immediately dispose of the animal for its sale or for what the seller estimates convenient, with the right<br />

to claim for the damages and prejudices for the “resolution” with fault of the purchaser. In such case, any amount paid by the<br />

purchaser relating to the purchase, shall remain in favor of the seller, as payment “to the account” for in<strong>de</strong>mnification, without<br />

prejudice of the right to claim any another amount that could correspond.<br />

8- Any person who have ma<strong>de</strong> offers, and results a purchaser and expresses that the purchase is ma<strong>de</strong> by commission or on behalf<br />

of third parties, or that the purchaser shall fractionate the purchase and/or the invoice with other purchasers, the purchasers<br />

acquire and accept only relating to this matter, to be severally and jointly liable for the payment in whole of the total transaction<br />

together with the other purchasers which appear as purchasers in the invoice relating to the transaction.<br />

The transference of the purchased animal/s shall be ma<strong>de</strong> for its registration once the purchaser has complied with all the obligations<br />

assumed herein.<br />

7

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