Property and Risk
* Risk (including insurance responsibility) shall pass to the buyer on collection of
the goods by the buyer or on the delivery by The Computer Broker or by the source to
the buyer or his agent or to a carrier for delivery to the buyer. * The Computer Broker
retains ownership of all goods sold until full payment is received for all amounts
owing in respect of all goods supplied. This provision is designed to protect The
Computer Broker in the event of the bankruptcy, receivership or liquidation of the
buyer, a seizure of goods by a creditor of the buyer or default in payment.
* Until full payment is made the buyer agrees to:
1. Enable the goods to be readily identifiable as the property of The Computer
Broker
2. Maintain the goods so supplied in good order and condition and to return the goods
immediately if called upon to do so by The Computer Broker
3. On a sale or other realisation of the goods the buyer shall identify and separately
account for the proceeds of sale.
* Prior to the buyer acquiring property in any goods The Computer Broker may at any
time enter upon any land, premises or property where it believes such goods may be to
inspect and/or remove the goods, by force if reasonably necessary. If the goods are
removed then:
1. The right of the buyer or any agent of the buyer to possession of any goods and
right to sell or otherwise dispose of the goods shall immediately and without the
necessity of any notice terminate, and,
2. The buyer will reimburse, indemnify and hold harmless The Computer Broker and its
employees in respect of any costs (including legal costs on a solicitor-client basis),
expenses, loss or damage (including such to any third parties) in respect of the
exercise or attempted exercise of The Computer Broker's remedies and,
3. The Computer Broker may cancel any or all contracts with the buyer and The Computer
Broker will not be liable to the buyer therefore, and,
4. All moneys owing by the buyer to The Computer Broker on any account whatsoever shall
become immediately due and payable, and,
5. The value of such goods seized shall be assessed as the lesser of current market
value or the invoice value at the time of sale and may be subject to a restocking fee
as for Return of Goods for Credit or Refund above.