(DOWNLOAD) "Carolina Cable & Connector v. R&E Electronics Inc." by North Carolina Court of Appeals # Book PDF Kindle ePub Free
eBook details
- Title: Carolina Cable & Connector v. R&E Electronics Inc.
- Author : North Carolina Court of Appeals
- Release Date : January 06, 1996
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
Carolina Cable & Connector, Inc. (hereinafter plaintiff) is a company engaged in the business of selling communications products. From August 1992 through December 1992), plaintiff sold communications equipment for sales prices totalling $16,554.17 to R&E Electronics, Inc. (hereinafter R&E). During this time, plaintiff provided monthly billing statements to R&E, but R&E failed to make any payments except for one payment of $66.50. Plaintiff alleges that as it was preparing to file a lawsuit against R&E in January 1993, plaintiff received a letter from TESCOR (Telecommunications and Environmental Support Corporation) (hereinafter defendant), a company in the business of assisting financially troubled companies in obtaining financing. In defendant TESCOR's letter to plaintiff dated 21 January 1993, defendant stated that it had ""entered into an agreement with [R&E] to provide financing and various advisory functions."" Defendant requested plaintiff to fill out an Account Verification Form. Defendant stated that it would be in contact with plaintiff upon completion of its initial analysis. Plaintiff never received any other communication from defendant TESCOR. On 15 July 1993, after plaintiff still had received no further payment on R&E's account, plaintiff filed suit against R&E and defendant to recover $16,554.17 plus eighteen percent interest per annum. In the complaint, plaintiff claimed that defendant had ""assumed responsibility for R&E's account"" and had ""promised to pay"" R&E's account. On 15 July 1994, plaintiff moved for summary judgment and the trial court granted plaintiff's motion as to R&E, determining that plaintiff should recover from R&E $16,554.17 plus eighteen percent interest per annum until plaintiff was paid in full. The trial court denied plaintiff's motion as to defendant. R&E subsequently filed for bankruptcy.