- Payment in full for all purchases is due on or before the 10th day of the month following purchase. Payment for materials delivered direct from the mill are due 10 days after invoice date. All bills are due and payable to Wheat Lumber Company, Tarrant County, Grapevine, Texas. Failure to pay all or any portion of a payment when due shall be constituted as a breach of this Agreement.
- If account is not paid within terms and becomes delinquent, buyer agrees to pay service charges of 1.75% per month or the maximum amount allowed by law.
- If it becomes necessary to effect collection of delinquent accounts, buyer agrees to pay all costs of collection, including, but not limited to attorney fees and court costs.
Applicant acknowledges that credit shall not be extended until approved by Wheat Lumber Company and that credit, if extended, may be revoked by Wheat Lumber Company at any time. Applicant affirms that the information furnished herein is true and correct and submitted for the purposes of establishing an open account. Applicant agrees to all terms outlined above.
In consideration of Wheat Lumber Company's extension of credit to the applicant, the undersigned individual(s) hereby agree to be personally liable, jointly and severally, for all purchases and all other applicable charges or fees. The undersigned further agree to pay the total balance due on the account when due or on demand without requiring Wheat Lumber Company to proceed first to enforce payment against the business entity also liable on the account. In the event of any default under the open account agreement, this is a personal, absolute, continuing and unconditional guaranty.
MUST BE FILLED OUT BY AN OWNER OR OFFICER OF THE COMPANY
Owner or Officer Filling out Application