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    Greyhound Racing TERMS AND CONDITIONS
    Posted byAdmin on Thursday, May 11 @ 12:01:05 EDT
    Contributed by Admin

    Iowa Greyhound Association Auction
    May 20, 2006
    Terms and Conditions

    Consignment Fees.  A $5.00 non-refundable catalog fee will be charged per lot for all consignments.  A fee of 5% of the sales charge will apply for lots sold in the ring. 

    Eligibility.  Eligible for consignment are:  (1) stud services; (2) greyhound related commodities and equipment; (3) brood females; (4) greyhound pups 6 months and older (either by litter or individually); and (5) graded track greyhounds (last 5 available lines required).  Proof of NGA registration and a veterinary health certificate establishing all required vaccinations must be presented for each greyhound consigned.  All eligible consignments will either be paraded in the ring at the time of the auction or a video of the greyhound will be provided that can be shown at the auction (at least 3 minutes in length).  All videos must be received at least five days before the auction.

    Catalog Listing Deadlines.  Final deadline for catalog listings is May 6, 2006.  Lots received after this date will not be included in the catalog but may still be offered at auction in the discretion of the IGA and the auctioneer.  Any lots offered for sale, but not listed in the catalog, shall be required to submit all information required of those lots listed in the catalog.

    Auction.  The sale will be held at the Sheep Barn on the Iowa State Fair Grounds on Saturday, May 20, 2006, at 1:00 p.m.  All stock shall be made available for inspection at least one full hour before the start of the auction.  No lots will be offered for sale at the auction unless accompanied by a fully completed consignment form, a certificate of registration, a properly signed transfer, and veterinary health certificates establishing all required vaccinations.  The auction will be conducted by Ryan R Mahan & Associates. Inc. of Lexington,Kentucky. Ryan is the senior auctioneer for Keeneland Sales Co.
    Applicable Law.  Everything in the auction is offered according to the laws of the State of Iowa.  There is no warranty implied by the auctioneer or the Iowa Greyhound Association other than the greyhound offered is the greyhound listed in the catalog.  Nor does the auctioneer or the Iowa Greyhound Association certify the merchantability or fitness for any particular purpose of anything offered for sale in the auction. 

    Bidding Procedure.  Greyhounds will be offered both individually and as litters.  If the highest bid on an individual greyhound is not satisfactory with the consignor, the greyhound shall be passed as unsold.   If the highest bid on a litter of pups is not satisfactory to the consignor, the litter shall be passed as unsold and the consignor shall have the right to offer each pup from that litter individually.  The highest bidder shall be the purchaser, pending consignor approval.  Minimum bids shall be as follows:

                            Stud Services          ½ the advertised price
          Brood Females        $300.00
                                       Litters   &nbs p;               $400.00 per pup in the litter
                   Individual Greyhounds    $400.00

    The purchaser shall sign an Acknowledgment of Purchase immediately following the purchase, and must make settlement in full within one hour after the conclusion of the auction.  Authorized agents must submit a written statement of authorization with the Acknowledgment of Purchase.

    Bidding Disputes.  Should any dispute arise between or among two or more bidders, the auctioneer shall adjudicate the dispute and his/her decision shall be absolute, final and binding.  Bids received after the fall of the hammer shall not be grounds for a dispute.  Should a dispute arise because of a bid taken by the auction assistants not being recognized by the auctioneer, the bidding shall be reopened for advance bids between contending parties.  Should the recognized bids be reduced below the last recognized bid, bidding will be reopened to all bidders regardless of whether or not the final bid exceeds the disputed bid.  The auctioneer reserves the right to refuse any or all bids.

    Title, Risk, Delivery.      For greyhounds physically present at the auction, title shall pass to the purchaser at the fall of the hammer, at which time he/she assumes all risk and responsibility for the greyhound.  Purchaser or his/her representative may take custody of the greyhound at the fall of the hammer, but such custody shall not constitute delivery of said greyhound, which cannot be made until purchaser has paid for said greyhound and presents a release.  Said release shall be a signed transfer and Certificate of Registration.  All purchases must be paid within one hour after the conclusion of the sale.

    For greyhounds not present at the auction, but instead offered for sale by video, title shall not pass to the purchaser until the purchaser has had a chance to physically inspect the greyhound(s) purchased.  Said purchaser shall have 14 days from the date of the auction to physically inspect and take possession of said greyhound(s).  Should the purchaser fail to inspect and take possession as required, the consignor shall have the right to cancel sale and shall do so by contacting IGA legal counsel at the number listed below.  The consignor retains all risk and responsibility for said greyhound(s) until a physical inspection occurs and the purchaser presents a release.  Said release shall be a signed transfer and Certificate of Registration.  Purchasers of greyhounds offered for sale by video shall still be required to tender payment for such greyhounds within one hour of the conclusion of the sale, but the IGA shall hold such payment (including sales tax and commission) until the purchaser has physically inspected the greyhound(s) and presented the IGA with a release.  Purchaser may mail or fax said release to the following:

                                                    Jon Garner
                                                    IGA Legal Counsel
                        &nbs p;                           666 Grand Avenue, Suite 1701
                                                    Des Moines, IA  50309
                                                    Fax: (515) 245-5421

    Terms of Settlement.       Purchaser shall make settlement within one hour of the conclusion of the sale for the full purchase price.  Settlement is to be made in the form of U.S. currency, approved bank check, certified check or travelers check.  A 6% Iowa sales tax will be added to the payment on all sales.

    Defaulters. A purchaser who defaults in payment will be reported to the National Greyhound Association and must satisfy the terms of his/her bid before he/she may do any business with the IGA or NGA.

    Warranties, Soundness.  Unless otherwise announced at the time of the sale, there is no guarantee of any kind as to the soundness, condition, quality or eligibility of the greyhounds in the sale.   Any oral amendments to the catalog at the time of the sale supersede whatever might be written in the catalog.  Any returns shall be between the purchaser and the consignor.  It is the responsibility of the purchaser to examine a greyhound prior to bidding on said greyhound.

    Right of Return.   Any greyhound sold in this sale, which is present at the time of the auction, shall become the property of the bidder at the fall of the hammer.  Any returns shall be between the purchaser and the consignor.

    Brood Stock.         Brood stock shall be sold under conditions listed by the consignor.  Bred *****es shall be sold listing breeding date if applicable.  Pregnancy tests shall be made at the expense of the bidder.  Any breeding contracts made are with the consignor who will be liable for any prior commitments.  Catalog information required on each brood matron shall include when the female was last bred, DNA status, whether she had a litter and whether the litter was born naturally or by Caesarean Section, and when the female was last in season.

    Movement of Purchase. Purchasers shall assume responsibility for moving greyhounds purchased within one hour of the close of the sale.

    Catalog and Announcements.  The IGA and auctioneer are not responsible for any statements made in the catalog or from the auction stand concerning greyhounds sold at the sale.  Greyhounds sold in the sale are sold with the engagements, breeding status and/or produce records as listed herein or announced from the auction stand at the time of sale, and since such information is made by the consignor, to the consignor only shall purchaser look for redress in case of error or omission.  The undersigned shall en deavor to have all catalog information correctly stated, but the consignor is responsible for correction of any errors of omission.



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