TERMS & CONDITIONS
BILLING PERIOD - The billing period runs from the initial purchase date of the merchandise and all Invoices are to be paid within 30 days from date on Invoice.
PAYMENTS ON ACCOUNT - Any payments made that do not reference specific invoices will be applied toward your account in the following manner: finance charges will be paid of first, the remainder will then be applied to the oldest Invoices by date. Partial payments to invoices may occur.
SALES TAX - Tax exemption certificates must be filled out, signed, dated and in our flies to qualify for tax exempt billing.
SERVICE CHARGE - A service charge will be added to any balance over 30 days. Therefore, a 2% per month service charge (24% per annum) on all accounts will be assessed.
RETURN POLICY - No materials are to be returned without our permission. All returned goods are subject to a minimum 15% restocking charge and must be accompanied by original Invoice. We apologize but no special orders are returnable. Special cut wire lengths are also not returnable.
DELINQUENT - Should your account become delinquent or exceed its credit limit, it may be placed on a C.O.D. status.
LEGAL ACTIONS - Our companies reserve the right to institute legal action at any time to collect an outstanding account. The undersigned agrees that all suits under this agreement shall be brought to the courts of local jurisdiction.
WARRANTIES - All merchandise sold by us is subject solely to the manufacturers' warranties (if any) covering cost of repair or replacement. THERE ARE NO OTHER WARRANTIES. EXPRESSED OR IMPLIED, AND SELLER DISCLAIMS ANY WARRANTY OF MERCHANT ABILITY OR FITNESS FOR A
PARTICULAR PURPOSE. In no event will Youngstown Electrical Supply, Inc., be liable to buyer for any incidental or consequential damages as a result of any breach of warranty or for more than the purchase price of the products sold thereunder.
* For valuable consideration, the undersigned unconditionally guarantees and promises to pay, on demand, any and all indebtedness under heregolng credit agreement.