Credit Application: Terms and Conditions
Our terms are net 30 days with approved credit. Interest at the rate of 1.5% per month (18% APR) will be added to past due amounts. Buyer shall pay all costs incurred by LCS in collecting any amount due, including attorney’s fees. There will be a $50.00 handling charge for all returned checks.
No returns will be accepted without seller’s consent. A 25% restocking charge, plus inbound freight, if not prepaid, will be charged. Shortage or damage claims are the responsibility of Buyer and are to be made to the delivering carrier upon receipt of goods. This contract between LCS and Buyer is made expressly subject to force majcure, and LCS shall not be responsible for any delay in shipment or delivery, failure to ship or deliver of any goods as a result of strikes, war, fire, Acts of God, accidents, shortage of labor or material, or other causes beyond LCS’s control.
WARRANTIES AND DISCLAIMERS
LCS is not the manufacturer of any goods it sells. LCS will to the extent permitted by law, transfer to buyer such warranty as the manufacturer of the goods may provide. LCS DOES NOT MAKE AND HERBY DISCLAIMS ANY WARRANTY WITH RESPECT TO THESE GOODS, WHETHER EXPRESSED, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTIABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
LCS shall not under any circumstances be liable for any consequential or incidental damages suffered by Buyer. The undersigned certifies that he/she is a legal, authorized principle or officer from the firm named above and all information is provided for the purpose of obtaining credit and is warranted to be true. LCS is authorized to investigate the references pertaining to our credit and financial responsibility. It is understood that the information gathered will be kept confidential and will only be disclosed as required by law. The undersigned certifies the firm above will pay all debts when due. If not paid when due, it is agreed to pay a service charge of 1.5% per month (18% APR), in addition to all collection costs and attorney fees that may result from such default.