Pipe Company's standard credit terms are Net (30) days from
invoice date and the conditions are as follows:
In consideration of the extension of
credit by Greensboro Pipe Company the undersigned agrees:
1. To pay the balance of the account in full on the designated
date following date of purchase.
2. To pay service charges on any delinquent amount at the
maximum rate prescribed by state law.
3. To pay all reasonable charges for collection, including
reasonable attorney fees and court costs, if the account is
placed with an attorney or collection agency.
4. That Greensboro Pipe Company's standard terms and conditions
set forth on its invoices shall govern all sales to the undersigned.
5. In the event a legal action is commenced solely to enforce
any of the terms of purchase or obligations created hereby
or hereinafter, the legal action will be commenced in, and
the proper place of trial therefore shall be, a court of competent
jurisdiction in the country in which the distributing warehouse
6. I/we hereby authorize Greensboro Pipe Company to investigate
the references listed, banks and credit reporting agencies
pertaining to my/our credit and financial responsibility.
7. There will be a $25.00 service charge on all returned checks
in compliance with North Carolina G.S. 25-3-506.
By submitting below, you acknowledge, accept, and agree to
Greensboro Pipe Company's terms and conditions and certifies
that the information given herein is true and correct.
Pipe Company Continuing Guarantee
consideration of Greensboro Pipe Company extending credit
hereunder, the undersigned personally, jointly and severally
and unconditionally guarantee and promise to pay Greensboro
Pipe Company on demand, any and all indebtedness of the above
named applicant to Greensboro Pipe Company. This is a continuing
guarantee of payment when due and not of collection only and
Greensboro Pipe Company may proceed first against the undersigned
or any of them if more than one without proceeding against
or joining the above named applicant or any other of the undersigned.
The obligations created hereby are unaffected by any change
in the terms of the original indebtedness between Greensboro
Pipe Company and the above named applicant. This guarantee
shall continue in effect until the you have notified Greensboro
Pipe Company in writing of its cancellation, but such cancellation
shall not alter any obligation of the undersigned prior to
receipt of such notice.
In the event that Greensboro Pipe Company offers extension
of credit to the above named credit applicant and /or guarantors
on the above terms or in any terms agreed to by said credit
applicant and Greensboro Pipe Company, said extension of credit
is issued pursuant to the information and financial representations
made herein by said applicant and/or said guarantors.
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