Is A Stalking Horse Bid Binding?

Before selling the assets through an auction, the debtor must first get consent from the bankruptcy court to initiate the sale. Once the bankruptcy court approves the auction, the debtor enters into a binding stalking-horse agreement with the first interested buyer who sets the floor price for other bidders. What Read more…

What Commands Do Horses Know?

Horses are very apt at learning verbal commands: “whoa”, “walk”, “trot”, “canter” or similar words are quickly understood. The actual words usually do not matter, as long as they are consistent, though the tone of voice and the accenting of the word have an influence. What are the commands for Read more…