COLONIAL ELECTRIC SUPPLY COMPANY
TERMS AND
CONDITIONS OF
1. SOLE TERMS OF
2. WARRANTY. Colonial Warrants title to the goods that it sells and warrants that the goods shall conform to their description as contained in Colonial’s invoice. APART FROM THE FOREGOING, COLONIAL MAKES NO WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF MERCHANTABILITY OR WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE OR USE. In connection with the sale of goods, Colonial shall be deemed to have assigned, without recourse, any warranties and remedies extended by the manufacturer of the goods, upon delivery of the goods to Customer and subject to full payment of the price of the goods to Colonial.
3. LIMITATIONS ON REMEDIES. Customer’s sole exclusive remedy against Colonial for any claim based upon the quality or condition of the goods sold, shall be to have Colonial, at Colonial’s option, either replace or repair goods that are shown to be materially non-conforming to applicable warranties or descriptions. Colonial’s obligation in this regard shall be subject to full compliance by Customer with Colonial’s dispute procedures set forth below, any instructions of Colonial or the manufacturer regarding storage, handling, disassembly and other instructions pertaining to the particular goods sold. NO ACTION, REGARDLESS OF FORM, ARISING OUT OF THE TRANSACTIONS UNDER THIS AGREEMENT MAY BE BROUGHT BY PURCHASER MORE THAN ONE YEAR AFTER THE CAUSE OF ACTION HAS ACCRUED.
4. LIMITATION ON LIABILITY. Colonial’s liability for damages for any cause whatsoever, whether in contract (including for failure to deliver or delays in delivery) or tort, including negligence shall be limited to the amount of the purchase price actually paid by Customer for the goods which are the subject of the dispute. In No EVENT SHALL COLONIAL BE LIABLE FOR DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL OR PUNITIVE DAMAGES OR PROSPECTIVE PROFITS FOR ANY CAUSE WHATSOEVER, NOR SHALL COLONIAL BE LIABLE FOR A BREACH OF WARRANTY IN AN AMOUNT EXCEEDING THE PURCHASE PRICE OF THE GOODS IN QUESTION. Some states do not allow the exclusion or limitation of consequential damages, so the above limitation or exclusion may not apply to you. This warranty gives you specific legal rights, and you may also have other rights which vary from state to state.
5. CLAIMS. All sales are final. Colonial reserves all of its rights in connection with accepted orders including, without limitation, its right to recover damages resulting from cancelled orders. These damages may include, without limitation, restocking charges, lost profits and lost overhead contribution. Claims for nonconforming goods must be made by Customer in writing within ten (10) days of Customer’s receipt of such nonconforming goods and such writing shall state with particularity all material facts concerning the claim then known to Customer. Failure of Customer to give proper notice within such ten- (10) day period shall constitute unqualified acceptance of such goods and a waiver of the right to revoke acceptance. In connection with any claim of non-conforming goods or breach of warranty, Customer shall, at its own expense, hold the goods complained of intact and protected pending written direction from Colonial concerning the required disposition of the goods. Colonial will accept no responsibility for any costs incurred by Customer absent written authorization from Colonial. Customer must submit (preferably by email) to Colonial Customer Financial Services Department :
a. Colonial Invoice # disputed
b. Explanation of reason for dispute
i. Colonial customer service employee(s) with knowledge of transaction
ii. Manufacturer(s) whose products were sold
iii. Expectation not met by Colonial
1. Short shipment
2. Material never received
3. Wrong material
4. Damaged material
5. Late delivery
6. Overbill
7. Duplicate billing
8. Other
iv. Disposition of material
1. Returned to Colonial
a. Carrier /Shipping number
2. Needs to be picked up
3. Given to sales person
4. Never received
If any credit is allowed to Customer by Colonial for defects or nonconforming goods, such goods must be retained intact and duly protected by Customer and Customer shall abide by all reasonable instructions from Colonial regarding disposition of such goods. In no event shall Customer return any goods to Colonial unless expressly authorized to do so in writing by Colonial. All shipping, freight, and insurance charges incurred in connection with the return of nonconforming goods shall be borne by Customer. Any goods returned to Colonial without a Returned Goods Authorization duly issued in writing by Colonial shall be at Customer’s sole risk and expense, and such return shall not constitute an effective rejection or revocation of acceptance of the goods.
6. DELAYS; FORCE MAJEURE. Colonial shall not be liable for delays in delivery of the goods or related services or failure to deliver the goods or related services caused, in whole or in part, by inability to obtain transportation, equipment, or material, insurrection, fires, floods, storms, embargoes, action of any military or civil authorities, whether legal or de facto, strikes, labor difficulties (including strikes or labor troubles affecting any suppliers of Colonial), lockouts, acts of terrorism, acts of God, or other similar or different circumstances beyond the control of Colonial. Impossibility of performance by reason of any legislative, executive or judicial act of any governmental authority shall excuse performance of or delay in performance by Colonial.
7. WAIVER. A waiver by Colonial of any breach by Customer of this Agreement shall not constitute a waiver by Colonial of any other breach of this Agreement by Customer.
8. COLONIAL’S SECURITY INTEREST. Colonial shall retain a security interest in the goods sold hereunder until Customer has paid in full for such goods provided by Colonial in connection therewith and performed all of Customer’s obligations under this Agreement. Customer authorizes Colonial to perfect its interest as a secured creditor. Upon a breach of this Agreement by Customer, including, but not limited to, a default in the payment or performance of any of Customer’s obligations contained or referred to herein, Colonial may declare all such obligations immediately due and payable and Colonial shall then have, in addition to all rights and remedies, the rights and remedies of a secured party under the Uniform Commercial Code as adopted in Pennsylvania, including, but not limited to, the right to take immediate possession of any collateral. In event that Colonial elects to take possession of such goods, Customer, upon three (3) days’ notice by Colonial, shall assemble and deliver such goods at the time and to the place designated by Colonial in such notice (Absent such designation, Customer shall deliver such goods to Colonial at 201 W. Church Rd., King of Prussia, PA 19406).
9. PAYMENT TERMS. Colonial will submit to Customer an invoice setting forth the purchase price of all goods sold to Customer following delivery of the goods. Customer shall pay such invoices within thirty (30) days of the date of material receipt; any payments not received by Colonial when due shall be subject to interest at a rate of one and one-half percent (1-1/2%) per month or the maximum legal rate, if such is less. The making of payments at the times they respectively fall due shall be considered as of the essence of the agreement, and in case of failure to do so, Colonial shall have the right to cancel any contract without notice to Customer, and to declare due the entire amount unpaid.
10. COSTS OF COLLECTION. Customer shall reimburse Colonial for all costs of collection, including, but not limited to, attorneys’ fees in an amount no less than twenty (20%) of the total sum due and costs of suit, incurred by Colonial to collect any monies owing to Colonial as a result of transactions pursuant to these terms.
11. APPLICABLE LAW AND VENUE. This Agreement shall be governed by,
construed and enforced in accordance with the laws of the
12. AMENDMENT. Colonial reserves the right at any time to alter or suspend credit or to change credit terms provided herein when, in Colonial’s sole opinion, the financial condition of Customer so warrants. In such case, in addition to any other remedies herein or by law provided, cash payment or satisfactory security from Customer may be required by Colonial before delivery, or the due date of payment by Customer under any contract or order with Colonial may be accelerated by Colonial. Failure of Customer to pay invoices at the due date makes, at Colonial’s option, all subsequent invoices immediately due and payable, irrespective of terms, and Colonial may withhold all
subsequent deliveries until the full account is settled.
13. ADEQUATE ASSURANCES. Demands under applicable law by Colonial for adequate assurances of performance will be satisfied by Customer within five (5) days. In the event that the grounds of insecurity involve Customer’s financial condition, adequate assurances shall be accompanied by a satisfactory report of Customer’s credit by a involved Customer’s financial condition, adequate assurances shall be accompanied by a satisfactory report of Customer’s credit by a responsible financial institution. Pending such assurances, Colonial may, at Colonial’s option, make sales and deliveries to Customer C.O.D.
14. FINAL AND COMPLETE EXPRESSION. These terms and the information contained in any purchase order duly accepted in writing by Colonial that is not inconsistent herewith shall constitute the final, complete and exclusive statement of the agreement between Colonial and Customer. No terms, conditions, understandings, usages of the trade, courses of dealing or agreements purporting to modify, vary, explain or supplement these terms shall be binding upon Colonial unless and until hereafter made in writing and signed by an officer of Colonial at its King of Prussia, Pennsylvania office and by Customer.
15. NON-ASSIGNABILITY. Customer may not assign any of its rights in its credit agreement with Colonial or in any contract for the sale of goods and goods sold hereunder are not to be shipped or diverted to any destination other than that specified on Customer’s purchase order as duly accepted by Colonial.
16. RISK OF LOSS. Risk of Loss or damage in transit shall pass to Customer upon Colonial’s delivery of goods to a common carrier for shipment.
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