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Showing results for tags 'merchant'.
Builders merchant "Credit Account Application Form" had no terms and conditions printed on it or attached to it but stated "by signing this agreement you are agreeing to accept the terms and conditions of ************, a copy of which is available on request". I did not suspect there to be any onerous conditions and certainly not a personal guarantee clause, so I did not request a copy of the terms and conditions. It would now appear that under their clause headed "Financial Condition" the following wording appears. "If the company becomes insolvent or goes into liqu
Hi A friend is having a big problem with her card processing company. She runs a small pre owned business selling computers,power tools, guitar e.t.c and she sometimes takes these product from customer to sell on their behalf. She sold studio equipment recently for over £10,000. She called the card company and gave the card details and address of the cardholder while the customer is in the store. The card company was happy for her to progress with the transaction and was given a authorization code. The following day she had a call from the card processing company fraud department sayin
Hi All, looking to a bit of advise. My Limited company is now insolvent. I am being per sued personally from a couple of trade creditors. THEY SAY I SIGNED A PERSONAL GUARANTEE WHEN I OPENED A TRADING ACOUNT. I was the managing director and signed the account forms in that capacity. They are pursuing me personally. What do i do and are they right to pursue me ?