Terms and Conditions
I understand and agree that I will be financially responsible for the livestock that I buy at the Market, whether for myself or for someone else. Except for sales where livestock are to be delivered at a later date, accounts must be paid at the time of purchase and person subject to the Packers & Stockyards Act must pay by no later than the close of the next business day following the day of purchase (7 USC 228b). Sales are on a cash basis.
If the Market takes legal action to collect my account and prevails, the Market shall be entitled to reasonable attorney's fees and court costs. I UNDERSTAND AND AGREE THAT THERE ARE NO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE ON LIVESTOCK SOLD AT OR THROUGH THIS MARKET. I hereby grant the Market a security interest in all livestock that I purchase from/at/through the Market, as well as all proceeds there from, until the Market has received final payment and authorized the Market to authenticate and file any and all documents that are needed to perfect and give notice of the market's interest in such livestock.
I hereby authorize the Market or its agent Livestock Marketing Association to contact the above-named bank(s) for information concerning my financial responsibility and authorize the above named bank(s) to release the Market or Livestock Marketing Association information necessary to determine my financial responsibility and/or ability to pay for livestock. This authorization shall remain in effect until I notify the Market in writing that it has been cancelled. A copy of this authorization shall be as valid as the original.