Terms of trade
Terms of Trade
Leamington Motor Services 2007 Ltd
The ‘Company’ means Leamington Motor Services 2007 Ltd
Terms of Payment:
Net cash on date of purchase unless prior arrangements have been made for a charge account. Cash/Eft-pos/Credit Card is all acceptable methods of payment.
Charge Accounts – Terms of payment for any goods and/or services is strictly by the 20th of the following month following the date of purchase. The customer shall be charged interest at 2.5% on any overdue or unpaid accounts and shall also be liable for any debt collection and/or legal fees or expenses incurred by the Company as a result of the recovery of unpaid accounts.
Applications for Credit Accounts:
An account application form is filled in, signed and two contactable referees are to be given.
The Company gives no warranty on any product or service beyond that offered by the manufacturer or supplier on automotive parts.
Risk and Title:
The buyer will take pro forma delivery of the goods upon them leaving the possession of the Company or its servants and thereupon the risk will be with the buyer. The buyer will take possession of the goods as bailee only, will insure them and keep them in good order and condition. Property in the goods shall pass to the buyer when the buyer has paid for them and discharged all outstanding indebtedness to the Company whatsoever. Receipt by the Company of any cheque or other bill of exchange or promissory note shall not be deemed to be payment or conditional payment until the same has been met upon presentation and until such time not be prejudice or affect the Company ‘s rights, powers or remedies against the buyer or in respect of the goods. The buyer shall not otherwise allow any legally enforceable charge to be created over the goods.
Personal Property Securities Act 1999 (‘PPSA”)
The buyer grants to the Company a security interest in the goods and any after-acquired goods purchased from the Company in accordance with these Conditions of Sale (including any proceeds thereof) until payment has been made in full for the goods. The buyer agrees to provide any further information and to enter into any further documentation required to enable the perfection of the Company’s security interest in the goods pursuant to PPSA.