Common use of LIABILITY FOR TRANSACTIONS Clause in Contracts

LIABILITY FOR TRANSACTIONS. We shall send you (if the Corporation has selected Individual Billing as the billing method) or the Corporation (if the Corporation has selected Central Billing as the billing method) a Card Account statement every month listing the transactions posted to the Card Account. You and the Corporation shall be jointly and severally liable for all transactions effected or authorised through the use of the Card even if no sales draft is signed by you and/or the credit limit (being the combined credit limit and/or any individual credit limit in respect of a Card Account) is exceeded. Types of transactions that could be effected or authorised without your signature may include (but without limitation) orders placed over the telephone or the internet, orders placed by mail or by facsimile, and the use of a Card at a JETCO or other ATM, a merchant’s point-of-sale terminal, a credit card payphone or any other available device.