Payment Terms For Charge Accounts

Applicant agrees to seller’s credit terms as follows: All accounts are due 10 days end of month following statement date unless special terms are agreed upon and acknowledged by officer of East Hardwood Co., Inc. DBA, Jacksonville Builders Supply, Jacksonville, N.C., EHI, Cedar Point, N.C., or Safrit's Building Supply, Beaufort. N.C. Terms on invoice, shipping ticket and/or billing statement are incorporated herein by reference. Should this account be placed in the hands of an attorney for collection applicant agrees to pay reasonable cost of collection including attorney’s fees of 15%. Guarantee Agreement executed hereon or by separate document is incorporated herein by reference.

 

Title to materials and risk for loss of, or damage to, shall pass from Seller to Buyer upon delivery to job site or designated area.

 

Shipping Ticket shall constitute prima facie evidence of delivery. Delivery shall constitute acceptance of ordered materials unless, within five days thereafter, Buyer or Buyer's agent notifies Seller of any nonconformance with the terms and conditions of order. Delivery shall constitute Buyer's acceptance of the terms and conditions of order whether or not any written acknowledgment of said terms and conditions shall be executed by Buyer. Buyer authorizes Seller to deliver materials without signature to job site or area designated by Buyer.

 

Applicant and Guarantor(s) authorizes investigation of credit history through consumer credit reporting agencies, direct inquiries of businesses, and current employer for application of account, renewal, and/or extensions of credit. Applicant also authorizes reporting of performance under this agreement to credit bureaus and others who properly request related information.