Credit application

For the purpose of inducing Magrath auto supply to extend credit to the undersigned, I/We present to Magrath auto supply the following information and statement of my/our financial affairs.

Personal Names of office or partners, with shareholding or partnership interest of each:

Trade Reference / Phone No/ Fax No:

In consideration of Magrath auto supply extending credit to the undersigned, I/We jointly and severally agree to pay our account according to Magrath auto supply usual terms of sale. If the account should become past due, a service charge shall be charged to our account at the rate of 2% per month (24% per annum) on the overdue balance. This will also constitute Magrath auto supply’s authority to conduct whatever personal investigation Magrath auto supply determines necessary in reference to our above Application for Credit.