In the event of the seller not paying Torque Trader our due and payable commission after the sale of a vehicle listed on our site, we reserve our right to:
i. charge interest at the rate of 2% per month calculated from the due date for payment until the date on which payment is made in full; and/or
ii. give the parties 10 (ten) business days’ notice before submitting adverse consumer information to a registered credit bureau to classify a seller or a purchaser as “slow-paying”, “default”, or “not-contactable”;
iii. take any appropriate legal action against the seller or purchaser, as applicable;
iv. terminate all use of our platform by the respective parties and remove all listings advertised on our site by the defaulting party.