-20- Consolidated's procedures for delivery of a customer core were: (1) The customer presented the transportation copy of the request for core credit to the person who picked up the core from the customer's place of business and who usually was an employee of Consolidated making a delivery of remanufactured automobile parts to that customer (Consolidated's driver); (2) a copy of the request for core credit was physically tagged to the customer core that Consolidated's driver picked up from that customer; and (3) Consolidated's driver made a visual inspection of that core and, based solely on that inspection, determined whether the customer was in compliance with Consolidated's customer core policy, including the requirements, if any, in that policy that the type and style of the customer core delivered to Consolidated correspond to the type and style of the remanufactured automobile part purchased by that customer. In addition to accepting customer cores from its customers that corresponded to the remanufactured automobile parts that those customers had purchased from Consolidated, Consolidated also accepted delivery from those customers of customer cores that did not correspond to those parts. In the latter event, for each such customer Consolidated credited the customer account receivable in an amount that was less than the core amount which was part of the remanufactured automobile part sales price for each of the remanufactured automobile parts purchased by that customer.Page: Previous 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Next
Last modified: May 25, 2011