The information provided to Chapp Oil by the applicant (herein referred to
"company")
including financial statement(s) is warranted to be
accurate, complete, and true and shall be the property of Chapp Oil.Chapp Oil is
authorized to investigate the information provided
to confirm its accuracy. By signing below it is agreed if Chapp Oil extends credit,
any
and all if its invoices shall be paid by the company
within 20 days of it/their date, and shall be considered an incorporated, confirmatory
writing
to this agreement. Either party may terminate this
agreement at any time, with the understanding all goods and services provided by Chapp Oil at the time of termination shall remain
due and owing pursuant to all terms, herein. A 1.5% monthly late fee shall be charged or
the
maximum interest for late payments allowed by law,
whichever is less. Payments which are returned will be assessed a $75.00 penalty. The
company
agrees to pay any and all costs and expenses,
including reasonable attorney fees, incurred by Chapp Oil in collecting past due
accounts. The parties hereby agree all disputes at law
under $25,000 shall be resolved in the venue of the 34th District Court for Wayne
County. The
undersigned hereby certifies and warrants that any
credit extended as a result of this application will be used solely for business
purposes and
will not be used for personal, family or household purposes.
The signatory acknowledges receiving an exact copy of this document, and (1) agrees and
acknowledges that it contains Limited Warranties and
Disclaimers; (2) agrees to be bound by the terms and conditions set forth in this
Agreement;
and (3) agrees that the person who signs hereafter on
behalf of the Company has authority to bind it.