1. Terms of the sale are credit card, cash, or check and payment in full must be made to the cashier immediately following the sale. On final payment of the horse, the cashier will issue an order which must be presented by the buyer to the barn manager for delivery or pick up of the animal. Buyers are cautioned not to lose these orders. 2. Horses shall belong to the buyer when they leave the ring. The consignor will be obligated to return the entry to the proper stall and to contact the buyer. All horses must be removed from the sale grounds immediately following the sale unless other arrangements are made. If any person shall purchase a horse and fail to pay for it, nothing contained herein shall prevent the Sales Management from compelling such person to pay for it. Further, the purchaser in default shall be liable for a delinquency or late charge at the rate of one and one-half percent (1 1/2%) per month on the unpaid purchase price from the date of the sale until paid (effective annual interest rate of eighteen percent (18%). All expenses of collecting (including attorney fees, etc.) arising from the buyer default will be paid by the buyer. 3. The Sales Management acts as agents only and will endeavor to protect the interests of both the buyer and the seller. 4. All horses will be sold on the information in the footnotes which were furnished by the consignor. The Sales Management is neither responsible for any such footnotes or for warranties concerning the horses cataloged. It shall be the responsibility of the consignor to correct any necessary footnotes by advising the Sales Management or the Auctioneer. 5. There will be a credit card charge pertaining to the payments made online. This charge will be added to the total purchase price of the horse(s) the buyer purchased with the online bidding site. This charge will be 3.5% of the total purchase price of the animal(s), unless otherwise exempt. 6. All horses sold are subject to 6% sales tax under the provisions of KRS Chapter 139 unless specifically exempt by Kentucky law. All buyers are required to pay the 6% sales tax on the purchase price of the horse unless proper documentation of exemption is made available to the seller at the time of the sale. The following documentation must be completed and given to the seller to claim exemption from the tax.