(a) The seller shall give the buyer an exact copy of the signed layaway agreement at the time the agreement is executed.
(b) Upon execution of a layaway agreement, the seller shall hold for the buyer, or agree to deliver to the buyer, upon full payment of the layaway price, goods that are identical in every respect to those originally selected by the buyer, provided that the buyer complies with all the terms of the layaway agreement.
(c) The seller shall bear the risk of loss or damage while holding the goods purchased pursuant to a layaway agreement.
(d) Whenever a payment is made on a layaway agreement account, the seller shall give the buyer a dated receipt evidencing such payment.
(e) If the buyer requests the status of the layaway account, the seller, within ten (10) days after such request, shall give the buyer a written statement setting forth:
(1) The total cost of the layaway transaction;
(2) The total amount paid by the buyer to date; and
(3) The balance due to the seller and the date by which remaining payments are due.
(f) The seller may not increase the layaway price of goods sold under a layaway agreement.
(g) Upon the seller’s breach of any of the seller’s duties, the seller shall give to the buyer a full refund in cash or by due bill, at the option of the buyer.
(Ord. No. 1732-85. Passed 10-21-85, eff. 10-23-85)