
Risks. The risk of damage or loss to the goods shall pass to the buyer when the goods are collected or, if the goods are delivered, at the time of delivery.
Property. Notwithstanding delivery and the passing of risk in the goods, the property in the goods, shall not pass to the buyer until the seller has received cash or cleared funds in full payment of the price of the goods. We reserve the right to claim from the buyer, all reasonable expenses incurred in collection of overdue monies. We reserve the right to charge the buyer 2% per month interest on all overdue debts. Until such time as the property in goods passes to the buyer, the buyer shall hold the goods as the seller’s fiduciary agent and bailee. He shall ensure that the goods are kept separate from those of the buyer and those of third parties and if resold or used in the ordinary course of business, he shall account to the seller for the proceeds of sale or otherwise of the goods. The seller retains the right, until such time as the property in the goods passes to the buyer, to require the buyer to deliver up the goods to the seller and if the buyer fails to do so, to enter the premises of the buyer to repossess the goods.