5/29/2023 0 Comments Alden pro grabit lowesThe Purchaser shall not remove any of the Seller’s identification marks on the Goods. The Purchaser shall store the Goods separate from any other Goods of the Purchase and of third parties and shall identify the Goods as the property of the Seller. The purchaser shall, as trustee for the Seller, pay such proceeds into a bank account separate from all other bank accounts and other monies and assets of the Purchaser and of third parties. Insofar as the goods may be delivered to the Purchaser prior to the time when the title thereto passes to the Purchaser, the Purchaser shall accordingly remain liable to account to the Seller for the goods or, if shall be sold by the purchaser (which the Purchaser shall be entitled to do as the fiduciary agent of the Seller but, as between the Purchaser and the Purchaser’s customer, only as principle and without creating any relationship, disclosed or undisclosed, between the Seller and such customer) for all sale price proceeds, tangible and intangible (and including without limitation insurance proceeds and proceeds of proceeds), thereof. (a) Legal title to the Goods shall remain with the Seller until such time as the Seller has received payment of the price of the goods and of any other goods or services previously or subsequently supplied by the Seller to the Purchaser whereupon such title shall pass to the Purchaser.
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