CHAPTER X 



SALE OF HORSES 



Sale is a mutual contract between the 

 vendor and vendee, or purchaser, 

 by which the property or owner- 

 ship of the seller in the horse, or 

 other subject of sale is transferred to the 

 buyer, in consideration of the price. 

 Delivery of the horse and payment of 

 the price may be made simultaneously 

 on completion of the contract of sale, or 

 one or the other may be deferred to a 

 later date ; but neither the delivery 

 nor the payment of the price are neces- 

 sary for the completion of the contract. 



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