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Cream of the Crop 1
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GUIDE61A.ARJ
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LHARC1.EXE
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3401.ARM
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1991-04-22
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636b
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13 lines
/* PARAGRAPH 3401: INSURANCE */
At all times that CONSIGNMENT MERCHANT has goods owned by @001 in
its possession, @002 shall, and at its expense, maintain multi-peril
inventory insurance in an amount equal to the value of the
goods. with @001 named as a loss payee on a long form loss
payable clause. Should CONSIGNMENT MERCHANT fail to maintain such
coverage, @001 may obtain the same, and @002 shall upon
presentation of an invoice therefor, pay for the same on sight.
The maintainence of insurance is not dependent on sales.
CONSIGNMENT MERCHANT shall maintain such insurance regardless of
the number of sales.