- 9 - training process because she believed it was it was better than other methods, and it was cheaper than using a horse trainer. Petitioner also sent horses to trainers for additional training. Petitioners advertised individual horses for sale in a local newspaper. They did not insure horses they foaled or any horse worth less than $20,000. 4. Petitioners’ Boarding and Leasing Activity Petitioners decided to board horses beginning in December 1995 to help generate more income. Based on the cost of feed, hay, sawdust, labor to clean stalls, electricity, and insurance, they concluded that it would cost about $95 per month to board a horse for a customer. They hired an attorney to write a form contract and release of liability form to use for boarding horses. They had the forms printed. Petitioners boarded two horses in January and February 1996, three in March, six in April, four in May, five from June to August, six in September, five in October, seven in November, and four in December. They obtained customers through referrals. Petitioners retained an attorney to write a horse lease agreement form which they had printed. Petitioners leased Tequila Twist and Babes Little Luck to local 4-H Clubs for $175 per month each from December 1, 1995, to October 31, 1996. The 4-H Club members rode the leased horses on petitioners’ property. As a favor to the lessees, petitioners sometimes hauled thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011