The entire balance of all credit accounts are due and payable according to the terms of the sale of each invoice. In the event that the delinquent account is placed with a licensed collector, or attorney for collection, or suit is instituted on the account, in addition to the amount of the account, the undersigned acknowledges that all orders are subject to approval by KV COLLECTIONS INC. The undersigned agrees that each purchase hereafter completed upon open account credit shall be deemed subject to the terms herein agreed upon.
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