essays, term papers, research papers on enron future (1 essays)

New York Court of appeals , called the case of Ultramares Corp v . Touche (255 N .Y . 170 , 174 N .E . 441 , 1931 N .Y . LEXIS 660 , 1931 ) became an influential decision that remains up to this point as still the law in a number of states . In said case , Fred Stern Co . imported rubber for which it needed a loan from Ultramares Corp . to finance the purchases as per importation . Ultramares Corp . insisted upon an audited balance sheet as a...