Credit Sales Agreement Definition

(c) the purchaser finds that all actual beneficiaries and agents enter into separate agreements with the retailer under which they enter into agreements with the retailer under the same terms as the purchaser`s agreements covered in point 22; and (f) the purchaser must, at the retailer`s request, provide without delay, to any person deemed relevant by the retailer to its security situation, such agreements and waiver declarations (also equivalent to those mentioned above) that the retailer may require at any time; If, at the time of termination of the contract, a credit is due to the buyer by overpaying an amount due under the contract, the retailer may deduct a processing fee before repaying that credit to the buyer. The structure of a credit sales contract is similar to lease-sale (without option to purchase) or conditional sale. (a) the buyer does not comply with a clause in this agreement or any other agreement between the retailer and the buyer; or a credit repurchase agreement is a contract for the sale of property under which the buyer pays in increments and becomes the owner of the commodity, either at the conclusion of the contract or at the conclusion of a contract, according to the terms of the individual contract. If you are lagging behind, the lender may start collecting interest, which may be at a higher interest rate than usual. Check your loan agreement to see what it is. The credit contract is the legal document you signed when you paid the loan. (f) that the purchaser authorizes the retailer to collect, store, store, retain, monitor and use all information received under this agreement, including for management, credit assessment and marketing purposes, as well as for the retailer`s obligations as a “reporting unit” in accordance with the AML/CFT Act and AML/CFT regulations; (e) if, for whatever reason, the purchaser does not provide all the necessary information or does not sign the agreement correctly or if the contract is not legally used by a buyer`s administrator, the surety undertakes, as a buyer, to enter into a new contract with the distributor for the sale and purchase of the security under the same terms as the agreement, but only for the remainder of the contract; and (iii) the buyer refuses to pay a sum that belongs to the retailer and the information is required from the retailer`s credit agencies or legal or professional advisors; or (h) that the retailer be allowed to disclose all or all of the information to credit journalists and that they can store information about their systems and pass it on to authorized users of the credit reporter`s services; (i) that the retailer may disclose to any credit provider mentioned in a credit report on the buyer information about the buyer`s creditworthiness and history; (j) that the retailer may use a credit officer`s monitoring services to obtain updates when buyer information changes and the refund history, buyer`s account details and all late payment information may be disclosed to credit reporters who contain information about their system and may be disclosed to authorized users of credit reporting services; Another way to protect yourself is to include a property reserve clause in the credit purchase agreement. This clause, also known as the “Romalpa” clause, allows the buyer to own the goods, but only acquires the seller`s property when the final purchase price is paid. (d) that all the information that the buyer has provided and which will be made available to the trader and that the information provided by the guarantor by the deposit to the trader is true, accurate and complete and that the buyer fully and effectively compensates the trader for all debts; Damage, loss, costs and charges that may occur to the retailer as a direct or indirect result of its request for information and/or the accuracy of information and/or information provided by the guarantor and/or other warranties and purchaser agreements in these clauses 22, 23 and 24, and the buyer acknowledges that non-disclosure of information to the retailer who provides false information is a favourable measure