RARITAN RIVER STEEL CO. v. CHERRY, BEKAERT & HOLLAND

No. 15A91.

407 S.E.2d 178 (1991)

329 N.C. 646

RARITAN RIVER STEEL CO. v. CHERRY, BEKAERT & HOLLAND, a General Partnership; Gary J. Wolfe; S. Donald Blanton; Herman O. Coleman; C. Cline Comer; W. Douglas Serriss; Joe R. Nantz; Clarence Eugene Williams, Sr.; Preston Clark; Howard J. Kies; Harrace M. Rolnick; Peter A. Caprise; Jerry P. Fox; Eric C. Pressley; R. Turner Rivenbark; Wayne Comstock; Tony W. Warfford; Wit Brown; Louis Eddie Dutton; William Lanier, Jr.; David Whaley; T. Ernest Sievelkorn; James Laney; Harold B. Henderson; Albry Shaw; J. Arley Rowe, Jr.; William Blankenship; Robert Holman; Don Holland; Anthony G. Campas; John Compton; Donald Leonard; Michael Newhouse; Charles Weathersby; Wallace Permenter; Clyde Fussell; Wayne Busey; Jerry Lloyd; David Bolton; John Cordell; Ralph Davis; Harry Stolte, Jr.; Charles Brown; Wayne Grier; Harry Griggs, Jr.; Ralph Harold; Frances Koger; Kenneth Litton, Jr.; Charles Young; Bobby Black; William Flurry; Jack Moody; Rudolf Ohme, Jr.; E.A. Thomas, Jr.; Raymond Warco; E.C. Blackburn; Anthony Morris; W.H. Peterson; J. Dominquez; Robert Harter; Lloyd Brammer; Henry Colbreth; Patrick Callen; W.H. Huff; Jeffry McClanathan; Richard Roberts; Wilburn Robertson; George Tornwall; and Robert White, partners.

Supreme Court of North Carolina.

August 14, 1991.


Attorney(s) appearing for the Case

Grier and Grier, P.A., by Joseph W. Grier, III, and J. Cameron Furr, Jr., Charlotte, for plaintiff-appellee.

Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan by James G. Billings, Mark A. Ash, and Michael D. Hill, Raleigh, for defendants-appellants.


MEYER, Justice.

The issue we are presented with in this case is whether a trade creditor to a closely held corporation is a third-party beneficiary to the corporation's contract with an accounting firm for the performance of an audit. The accounting firm agreed to perform an audit "in conformity with generally accepted auditing standards," and furnished the audit to the corporation. The trade creditor did not see the audit but reviewed a summary of it published in...

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