Hi, Dave and List,
The buyer THINKS that they are paying a couple of thousand dollars for
the puppy. In actual fact, if most arrangements are interpreting by a
court of law, a "co-ownership" is a "one divided one half interest" in
the pup. Therefore, if the co-own must be dissolved, the pup is
actually interpreted to be worth FOUR thousand dollars. There IS a
better way to do this legally for those who want a puppy back. You can
write a contract in which title to the bitch passes to the buyer and a
lien on the puppy exists. THEN the whole originally puppy belongs to
the buyer, but the progeny has a lien on it until satisfied.
A lien like this is NOT new law. This is NOT unusual. This is the
Uniform Commercial Code and anyone who wanted to research it to put a
contract could find it instead of the "co-ownership" which has proved
more problematic to both dog clubs than any other matter. This is why
the AKC website WARNS against them.
A "co-ownership" is meant to be JUST THAT. Two people owning a dog
together. One half of the equity is vested in each "co-owner". Buyer
beware.
Suze
Dave Wagner wrote:
> Whats in it for the buyer? Lets see ... they get to pay a couple of thousand
>dollars for a puppy, the breeder gets the best puppy or puppies from the litter
>(another couple of thousand dollar value not to mention non-monetary value) and the
>breeder gets to dictate who you breed to and sometimes when. Whats in it for the
>buyer is the better questoin? Maybe a couple of litters later if they are lucky they
>get to keep a good puppy that they actually own? This is ridiculous, however many
>people fall into this ridiculous trap each day. There is a tight group who preach
>this is the only way you can get a good dog to try to increase the pressure for
>people to go this route and many horror stories from people who fell vicitm.
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