Domestic Terms of Sale

  1. All materials are priced FOB Freight On Board . Manufacturer unless otherwise specified. Our responsibility ceases when delivery is made to the transportation company. If there are evidences of shortages or damage, insist that the transportation agent makes notations on shipping documents before signing the receipt.

  2. All shipping schedules are set from the date the order is received by us. If prints are needed and furnished subsequent to the order, the schedule will apply to the latter date.

  3. Seller shall not be liable for damages arising from failure to make delivery caused by fire, flood, strikes, riots, labor disturbance, failure or delay of carriers, interference by civil or military authority, inability to obtain essential supplies, parts or materials, acts of God or any circumstances or accident beyond Seller's control.

  4. All drafts or checks should be made payable to Riley Equipment, Inc. only.

  5. A 20% restocking charge will be charged to Buyer on all returned salable merchandise which is returned without the prior written approval of Seller.

  6. If payment according to the terms of this Sale is not properly and timely made, the Buyer agrees to permit the Seller or any of its authorized agents to come upon the real estate where the goods are located and take possession of the same. Buyer also agrees to pay any reasonable attorney fees and collection fees incurred by Seller as a result of any breach by Buyer and Buyer agrees not to sell, dispose of, mutilate, mortgage, or remove any of the goods from the immediate locality of the place of sale until the last payment is made thereon.

  7. (After 30 days) a delinquent FINANCE CHARGE will be charged to Buyer which is computed by a single periodic rate of 1½% per month which is an ANNUAL PERCENTAGE RATE OF 18%.

  8. Without qualifying the obligation of Buyer to make payments or complete its responsibility for the insuring and safekeeping of the goods, the undersigned agrees that title, ownership and right of possession of the merchandise, machines and equipment ordered shall remain personal property in the Seller until actually paid for in full in cash.