Falcon v. Faulkner

Respondent Don Falcon, a Montana resident, is a quarter horse breeder and the owner of a show mare named "First El Leo." Appellant Allen Faulkner, an Oklahoma resident, is also a quarter horse breeder and the owner of a show stallion named "Impressive." In the mid-1980s, Appellant Ron Thomas, an Illinois resident, bought from Faulkner a number of "breeding contracts," each of which gave the owner of the contract the right to breed a mare to Impressive.