Cornypony
New User
I am about to get a children's pony on loan and the agreement says I am liable for all vets bills which is worrying me slightly. There is no insurance for the pony, which is not valuable (money wise, she is a lovely pony though!) .
I agree that I should be liable for vets bills for everyday conditions and I would also obviously expect to be liable for any accidents that occur while she is with us.
But thinking worst possible scenario, what happens if she suddenly developed a major ongoing condition in the next six months? Would I be liable for all the bills then?
Has anyone ever seen a loan agreement with a clause about a limit to the money spent?
I need to give three months notice, so couldn't simply hand the pony back if there was trouble.
The owners are really nice and I can't foresee any trouble, but am just wary about signing a legal document that may come back to haunt me.
After a while I am sure the pony will become part of our family and I won't mind what the hell I spend on her, so please don't flame me for not caring.
I just want to know if this is normal in all loan agreements, as I haven't signed one before.
Thanks for any advice
I agree that I should be liable for vets bills for everyday conditions and I would also obviously expect to be liable for any accidents that occur while she is with us.
But thinking worst possible scenario, what happens if she suddenly developed a major ongoing condition in the next six months? Would I be liable for all the bills then?
Has anyone ever seen a loan agreement with a clause about a limit to the money spent?
I need to give three months notice, so couldn't simply hand the pony back if there was trouble.
The owners are really nice and I can't foresee any trouble, but am just wary about signing a legal document that may come back to haunt me.
After a while I am sure the pony will become part of our family and I won't mind what the hell I spend on her, so please don't flame me for not caring.
I just want to know if this is normal in all loan agreements, as I haven't signed one before.
Thanks for any advice