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#11
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according to the article, the check was correctly written/cashed. the insurance decided to pay due to the condition the horse was in. zayat isn't in trouble (presumably) on that score. since they paid, and the horse is alive, they now own the horse. i'd guess it's similar to the payout on war emblem, who is still covering mares. zayat isn't under fire over receiving the check-it's just that 5/3 thinks they have the rights to all his horses, therefore they felt they should've gotten the check. i don't even know that the real issue is zayat-it sounds to me that the real issue is that the bank is about to fail, and they're seeking every avenue to generate cash.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln Last edited by Danzig : 02-10-2010 at 07:04 AM. |