YANCEY BROS. CO. OPEN ACCOUNT TERMS AND CONDITIONS
Complete terms and conditions are available in larger font upon request and also at Yanceybros.com/terms and are incorporated herein by reference.
1. The Applicant set forth above (hereinafter “Applicant”) and each other person signing below warrant(s) that the information provided herein and in connection with this application is true and correct and authorizes the release of such information to any party who may provide credit to Applicant, whether herein or pursuant to a subsequent application or request, to obtain from banks, credit bureaus and other creditors, all of which are hereby authorized to release, any credit/financial information concerning applicant or such other person (including personal credit bureaus) as such party may deem appropriate, and to share all such information with the other. If Applicant is a corporation, partnership or limited liability company, the undersigned affirmatively states that he/she is authorized to make application on behalf of said organization and to obligate same for any credit extended thereto as a result of this application.
All invoices charged to an approved open credit account are due and payable within 30 days of the invoice date unless otherwise indicated in a particular invoice; provided that invoices for Equipment Sales are due upon receipt. Accounts which are not paid within terms will be assessed a delinquency charge at the maximum rate permitted by law. It is expressly understood that the existence of a delinquency charge does not affect Applicant's obligation to pay the account in full when due.
2. Terms are subject to change with notice to Applicant. Applicant agrees to examine all invoices and statements promptly upon receipt and to notify Yancey immediately of any failure of delivery, shortage, discrepancy, or error. If Applicant disputes any Yancey invoice, Applicant must notify Yancey, in writing, of such dispute and the reason(s) therefor, not later than thirty (30) days from the date of the invoice, mailed to Credit Manager, 330 Lee Industrial Blvd, Austell, GA 30168. Failure to provide such notice waives Applicant’s rights to dispute such invoice.
3. If, after delinquency, Applicant's account is referred to an attorney for collection by suit or otherwise, Applicant agrees to pay reasonable charges incurred by Yancey Bros. Co., including attorney’s fees of 15% of the total amount of principal, interest, and charges due Yancey Bros. Co. and court costs.
4. Applicant hereby expressly waive(s) notice of (i) acceptance of this instrument, (ii) any default, (iii) non-payment, (iv) protest of account, (v) partial payment, (vi) presentment, (vii) protest, (viii) demand, and (ix) any and all other notices whatsoever. Applicant further waives any right of notice or bond and acknowledges this is a commercial transaction.
5. These terms and conditions along with the terms and conditions on Yancey Bros. Co.’s invoices, delivery tickets, rental agreements, and rental out agreements, which are incorporated by reference, represent the entire agreement between the parties hereto. No other terms—including those on Applicant’s purchase orders—which are different or may add to, modify, supersede or otherwise alter the terms herein, are applicable to the parties hereto without the prior, express, written approval signed by an authorized representative of Yancey Bros. Co.
6. Yancey Bros. Co.’s, liability for any damages claimed by Applicant is limited to the purchase price of the goods or services in question. This Agreement shall be governed by and construed under the laws of the State of Georgia, without reference to any choice of law doctrine.
7. In the event Applicant completes and signs this Credit Application and Agreement electronically, Applicant agrees that (i) Applicant’s action in completing and signing this Credit Application and Agreement electronically establishes Applicant’s agreement to complete this Credit Application and Agreement electronically, (ii) that the electronic signatures appearing herein, whether digital or encrypted, are intended to authenticate this Credit Application and Agreement and are to have the same force and effect as manual signatures and (iii) that the Georgia Uniform Electronic Transactions Act (O.C.G.A. §§ 10-12-1, et seq.), as amended from time to time, shall apply to the completion and signature of this Credit Application and Agreement.