Schedule A  - TERMS AND CONDITIONS – Resale Sales

 

     Transfer of Title:  Title to the goods purchased hereunder shall not pass when identified to this contract.  Title to goods shall remain in seller until seller receives full payment of the purchase price from buyer.  Where payment is made by check, title to goods shall remain in seller until the checks are negotiated and the seller actually receives funds.

 

     Right of Resale: 

In the event of any breach or repudiation by buyer, sell may resell the goods identified for sale to buyer which have not already been delivered to buyer, together with any goods reclaimed by seller or as to which seller may agree to accept return, at one or more public or private sales, at wholesale or otherwise, and recover from buyer the amount by which the price Established in this contract exceeds amounts so received, together with all incidental damages occasioned by the default of buyer.  Buyer shall indemnify seller from any and all liability associated with or arising from such sale.

 

     Risk of Loss:  The risk of loss or damage to the goods shall be borne by seller until the goods are delivered to a common carrier properly packaged for transportation.  Provided, however, where seller provides delivery of the goods itself, risk or loss shall pass to buyer when buyer receives the goods.

 

     Delivery:  Seller reserves the right to make delivery in several lots, and all such lots shall be separately invoiced and paid for when due, without regard to subsequent deliveries.  Delay in delivery of any lot shall not relieve buyer of its obligation to accept remaining deliveries.

 

     Buyer’s Right of Rejection:  Within 10 days after tender of delivery to or receipt by buyer of any shipment and before any part of the goods (except for reasonable test and inspection of quantities) has been changed from its original condition buyer shall inform seller in writing if the goods are found defective of short in any respect.  Failure to inform or use the goods (except for reasonable test and inspection of quantities) shall be conclusive that seller has satisfactorily performed. 

 

     Damages:  In the event of breach of warranty, seller shall repair and replace non-conforming goods or parts.  This shall be buyer’s sole remedy for breach or warranty.  Buyer is not entitled to recover incidental or consequential damages in connection with any breach of this contract by seller.  Buyer assumes all risk and liability for loss, damage or injury to persons or property of buyer or others Arising out of use or possession of the goods sold hereunder.

 

     Choice of Law: All purchasers and orders are bound by the laws of the State of the source and consent to the jurisdiction of the District and/or Circuit Court for source of goods.  If the goods are removed from the State of source with or without consent of seller, to any other state or nation, the recovery of the goods as provided in this agreement or by the laws of the State of the source or by the laws of the state or nation where the goods are located at the time of recovery.

 

     Exclusion of Parole and Extrinsic Evidence:  This writing is intended as the final expression of the agreement of the parties and parole or extrinsic evidence is inadmissible to explain, vary or contradict the express terms hereof.

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