All acounts are due 10 days from invoice date. Accounts become delinquent 30 days from invoice date. Delinquent accounts are charged a finance charge on past due balances computed at a rate of 1.5% per month or 18% annually.
No account will be considered paid in full until all accrued finance charges are paid, along with any outstanding account balances.
Customer is liable for all applicable sales tax unless appropriate sales tax exemption form is provided. We will not accept ICC numbers or Federal ID numbers. As per state law, we will only accept a state sales tax number.
Any discounts improperly taken will be charged back to account and will be carried on the books until paid.
After an account becomes delinquent and payment is not secured according to the above terms, or unless other arrangements have been made prior to purchase, the account will be closed and legal action initiated.
I have read the policy statement of Coots Materials Company as detailed above and agree to the terms stated.