papi

Merchandise covered by this receipt remains the property of  MTO  Technotrends Inc.  until  fully paid. If the above amount is not paid on demand or any stipulated terms in writing, the purchaser shall pay 3% per month as service charge for administrative  services  plus  interest  of 24% per annum on unpaid overdue amount. In case  of litigation, the purchaser expressly submit himself to the jurisdiction of any court within Mandaue  City or any court at the discretion of the  company and agrees to pay for collection charges, attorney's fees and cost  of suit.  The  responsibility of the company ceases upon actual delivery of goods  to the purchaser.  The  company reserves the right to assign its receivables to a third person entity or collection agency.