Section 1: General provisions.

A livestock lease is a contract by which one party gives the other a fund of livestock to keep, feed and care for, under conditions agreed between them.

There are several kinds of livestock: The simple or ordinary livestock, The half livestock, The livestock given to the farmer or sharecropper. There is still a fourth kind of contract improperly called livestock.

Livestock may be given as any species of animal capable of growth or profit for agriculture or trade.

In the absence of specific agreements, these contracts shall be governed by the following principles.