We are a major distributor of a comprehensive range of products to the oil and gas industry in the Asia Pacific region. As a distributor and major stockist, we play a crucial role in bridging the time gap between the demands of end users and the supply by manufacturers. As testimony of the Group's high standards of customer service, we were awarded the ISO Certification in Subsequently, we also attained ISO and OHSAS for our commitment to the environment and for our health and safety management system respectively.
August 26, Michael E. Issues Mid-Continent raises several issues which we restate as follows: Facts and Procedural History The trial court found that Mid-Continent, a small, closely-held, paper-converting company, retained Brady Ware as auditors in In the same period, he also falsely represented to Brady Ware, in writing on behalf of Mid-Continent, that all financial data were fairly reported in conformity with generally accepted accounting principles and that no internal irregularities had taken place.
As a result, the audits completed by Brady Ware for Mid-Continent before were inaccurate. The action was afterwards transferred to the Wayne Circuit Court. The Wayne Circuit Court then bifurcated the trial with the issue of imputation of fraud to be heard first and, then the complaint for the fee.
Mid Continent Paper Company is located at Borman, St. Louis, MO It has around 50 - employees. It has around 50 - employees. Its revenue is around $5 - 10M. Posts about Mid Continent Paper. Rick Monsipapa is at Mid Continent Paper. Sp S on S so S red S · May 3 · St. Louis, MO · Making it happen in St Louis MO. Mid Continent Paper. Moving Supply Store · St. Louis, MO. 43 people checked in here. Greg Lobb checked in to Mid Continent Paper.3/5(2). 3 visitors have checked in at Mid-Continent Paper Co.
In particular, the court issued the following pertinent findings of fact and conclusions of law: The fraud perpetrated by Gleeson against Brady Ware is imputed to Mid-Continent because Gleeson committed fraud on behalf of Mid-Continent while in the scope of his employment. Therefore, the fraud committed by Gleeson is the fraud of Mid-Continent.
Brady Ware is also a victim of the fraud committed by Mid-Continent. Discussion and Decision I. When a trial court has made special findings of fact, its judgment is clearly erroneous only if: Estate of Reasor v.
Putnam County, N. Findings of fact are clearly erroneous only when the record contains no facts to support them either directly or by inference, and the judgment is clearly erroneous if the court applies the wrong legal standard to properly found facts.
However, as we discuss below, Mid-Continent fails to meet its burden of proving that such findings of fact were clearly erroneous.
Imputation of Fraud A. Indiana Agency Law It is well established that the actions of employees and agents of a corporation are attributable to the corporation, when the actions are done within the scope of employment. Bud Wolf Chevrolet v.
Thus, a principal is liable for any misrepresentations of his agent undertaken within the scope of the agency, whether or not the principal has knowledge of the fraud.
On the other hand, if an agent commits an independent fraud for his own benefit, he ceases to act as an agent for his principal. Analysis A question arose in a suit by a corporation against its auditor relating to fraud by the corporate employees and the subsequent failure on the part of the auditor to detect it.
Cenco therefore was able to borrow money at lower rates and made insurers pay inflated claims for inventory lost or destroyed.Find Mid Continent Paper in St Louis with Address, Phone number from Yahoo US Local.
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Mid-Continent Casualty Company was founded through a merger of two companies in , General Bonding and Insurance Company and Mid-Continent Casualty Company. It was operated as a sole entity until it was sold in to an indirect subsidiary of American Financial Group, Great American Insurance Group.
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