Opinion ID: 1225912
Heading Depth: 1
Heading Rank: 3

Heading: the sidbec-dosco claim

Text: Sidbec-Dosco's complaint states in relevant part: 17. That based upon financial information showing substantial net worth of IMC, the Plaintiff extended substantial unsecured credit to IMC during 1982. ..... 24. That the Plaintiff has incurred substantial expenses and damages as a direct result of its extension of credit to IMC and IMTC in reliance on the reported financial condition of these entities. Because Sidbec-Dosco does not allege that it relied on sources other than the audited financial statements it has not pleaded facts which defeat its claim and its complaint is not dismissible on this ground. Under the liberal rules of notice pleading Sidbec-Dosco's complaint may not be dismissed unless it appears to a certainty that Sidbec-Dosco is not entitled to relief under any state of facts. Sutton v. Duke, 277 N.C. at 103, 176 S.E.2d at 166. Under its pleading Sidbec-Dosco may be able to prove at trial that it did indeed rely on the audit report prepared by defendants.