Sorry for taking to reply, i wrote it all and then my computer logged me out so it went away :(
I have just read my first post and nearly killed myself so I can't bare to think how you guys must be feeling, with that in mind I'm going to write this one in bullet points :D
1) For a valid...
Its a very good question. Technically the horse in part-exchange would belong to the dealer be she would have what is called a lien. This means that despite not being the legal owner she can keep her horse until the other parties delivers the horse she has been promised.
With regards to the...
I have no interest in horses (as you can tell from my name), I have just been shown this thread by a friend and have been stuck halfway between laughing and crying at some of the comments which have been written. I am writing this in an attempt to ensure that other people who may find themselves...