Bill Grant, un représentant, se fait passer pour un homme riche auprès de Norma Rickson. Lorsqu'il la rencontre à nouveau sur un champ de courses, il prétend même être propriétaire de "The Phantom", un des chevaux. Cela va entraîner un certain ombre de péripéties, aux termes desquels Norma finalement décidera que la vie avec lui ne devrait pas être ennuyeuse.
Novembre 1918. L'Allemagne va perdre la Première Guerre mondiale. Les régiments de cavalerie doivent accomplir un long périple entre la Russie et la frontière allemande. L'excellent cavalier von Brenken reçoit l'ordre de faire entrer une division pour apporter de l'aide dans la région dominée par les brigades polonaises. Une balle atteint son cheval Harro, ce qui le fait tomber dans le sol boueux. Pendant quelques heures, il reste inconscient. Il est alors secouru par une sentinelle allemande.
When thieves steal Larkspur, a prize thoroughbred brood mare, from the Conway ranch, her foal runs after her and is found by David Carey, an orphan who lives with his heartless aunt Hildegarde and uncle Thad. The lonely David befriends the colt, whom he names Sunset, and convinces his brutal uncle to let him keep the animal, arguing that they can reap a reward from selling the horse. While visiting the Conway ranch in search of advice about raising his horse, David is befriended by Jack Lenihan, the stablemaster, who offers the boy a job in exchange for special food for his colt. When Bill Conway and his daughter Wendy return to the ranch from the East, David realizes that Sunset is their missing foal. As David struggles with his conscience over returning the colt, his cruel uncle harnasses Sunset to a plow and beats the animal. To save the horse, Wendy offers to buy him and then realizes that he is Larkspur's missing colt. Wendy offers David a job as stableboy on the ranch, but David refuses out of guilt and decides to run away. He bids Sunset farewell, but the horse gallops after him and breaks a leg while trying to jump a fence. David begs the Conways to spare the injured horse and, to save Sunset's life, confesses that the animal is their missing horse. Touched by David's confession, Conway convinces the skeptical vet, Dr.
A Horse Called Bear tells the story of Ethan who inherits his mother's horse after she dies unexpectedly in a car accident. Being a city kid he has no desire to own a horse and tells the lawyer managing his mother's estate to sell it. The horse was purchased by one of the ranch hands to use as a training horse for young riders. Ethan then moves across the country to live with his grandparents. While living with them he learns that the horse is still kept nearby at his uncle's horse ranch. He is hired by his uncle and begins to work at the ranch with his mom's horse "Bear." During this time he falls in love with the horse and eventually buys it back.