ACCOUNT AGREEMENT:
In consideration of Multiwood Inc., hereafter referred to as “Multiwood”, granting credit to me/us on the
purchase of merchandise, I/we agree to be bound to the following terms and conditions governing any and all such credit purchases, namely:
1. All purchases are due and payable on the 15th day of the month following purchase
2. Any amount not paid within the terms outlined above shall be assessed a
service charge, calculated on the last day of the month at the rate of 2% per month (28.8% per annum)
3. Multiwood may vary the service charge rate by giving written notice by way
of regular mail to the applicant not less than 60 days before the variation becomes effective
4. Any payment made in respect of a credit transaction shall be applied first
to pay the accumulated service charges and thereafter to reduce the principal amount of the outstanding debt
5. Multiwood may, at its discretion, assess a handling charge in the amount of
$25.00 for any dishonored cheque received from the applicant
6. I/We hereby apply for credit and agree that Multiwood may obtain a consumer,
bank or credit report containing factual information in connection with this
application and I/we authorize the receipt and exchange of credit information.
I/We acknowledge that I/we have read and fully understand this agreement and its terms of payment and that it is subject to the approval of the Credit
Department. I/We affirm that this information is true and accurate
I AM THE APPLICANT NAMED HEREIN OR AN AUTHORIZED REPRESENTATIVE OF THE CORPORATION NAMED HEREIN:
Today’s Date:
Name & Title: