Buyer agrees with seller [Creditor] to pay for all purchases
upon receipt of monthly statement. Charges billed, but not
paid by the 10th of the month following purchase will be
considered delinquent and subject to finance charges.
The FINANCE CHARGE for individuals is computed by a periodic
rate of [%]% per month which is an ANNUAL PERCENTAGE
RATE OF [%]% applied to the "Previous Unpaid Balance Less
Current Credits". Current credits are payments or credits received
by [time]A.M. on the [numerical] day of the following month. The
minimum payment due will be payment of Buyer's indebtedness
in full. If not paid, [Creditor] may declare the unpaid balance due
and payable immediately. Buyer agrees to pay collection expenses,
including reasonable attorney's fees and court costs, if it is
necessary to collect through legal action.
Buyer assumes full responsibility for all materials purchased
from [Creditor]. Buyer agrees to be personally liable for all
charges and individually guarantees payment of all charges
promptly. Buyer agrees to notify [Creditor] within 10 days in
writing of receipt of monthly statement, if any, in billing. Failure
to so notify [Creditor] signifies total acceptance and responsibility
for prompt payment in full of account. If materials are ordered
with delivery to a construction job site, the buyer assumes liability
for the materials at the time of delivery whether or not buyer's
representative is on hand to acknowledge receipt of delivery.
Buyer agrees to pay standard delivery charges as billed.
Buyer agrees that no refund will be granted unless merchandise is
returned within 30 days with invoice to store where purchases were
made and in original sales condition. Buyer agrees to supply [Creditor]
with "Notice of Commencements", purchase orders, job numbers,
job addresses, and a current list of employees permitted to order,
pickup, and sign for merchandise.
[Creditor] reserves the right to send out "Notice to Owners" and file
Liens on past due accounts and use any legal means available to
force collection if necessary.
Dated:
Agreed:
________________________________________
(clearly print name after signature)
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