B-126290, JUL. 13, 1956
Highlights
KAVOORAS IS APPRECIATED. AS IS YOUR OFFER TO SUPPLY CERTIFIED OR NOTARIZED COPIES OF THE COLLATERAL NOTE AND THE COLLATERAL SECURITY ESCROW AGREEMENT MENTIONED. WE WILL CONTINUE OUR EFFORTS TO COMPLETE THE AUDIT OF PAYMENTS MADE ADMINISTRATIVELY TO U.S.A.C.
B-126290, JUL. 13, 1956
TO EISEN AND KNUDSON, ATTORNEYS AT LAW:
THIS HAS REFERENCE TO YOUR LETTER DATED MAY 1, 1958, CONCERNING THE STATUS OF U.S.A.C. TRANSPORT, INC. YOUR LETTER SUGGESTS THAT THERE MAYBE SOME QUESTION RESPECTING THE LIABILITY OF U.S.A.C. TRANSPORT, INC., AND OF MR. THOMAS W. MURRAY, FORMERLY PRESIDENT AND OWNER OF THE OUTSTANDING SHARES OF STOCK OF U.S.A.C. TRANSPORT, INC., FOR CERTAIN OVERPAYMENTS DISCOVERED IN THE AUDIT OF PAYMENTS MADE FOR TRANSPORTATION SERVICES PERFORMED BY U.S.A.C. TRANSPORT, INC., AND OTHER CORPORATIONS OWNED AND CONTROLLED BY MR. MURRAY. THE INFORMATION CONTAINED IN YOUR LETTER ABOUT THE TRANSACTION BETWEEN MR. MURRAY AND MR. KAVOORAS IS APPRECIATED, AS IS YOUR OFFER TO SUPPLY CERTIFIED OR NOTARIZED COPIES OF THE COLLATERAL NOTE AND THE COLLATERAL SECURITY ESCROW AGREEMENT MENTIONED. WE WOULD APPRECIATE THE RECEIPT OF CERTIFIED COPIES OF THE DOCUMENTS IN QUESTION, TOGETHER WITH A COPY OF THE SALES CONTRACT, FOR OUR FILES, AND FOR POSSIBLE USE IN THE EVENT IT BECOMES NECESSARY TO SETTLE THE QUESTION OF LIABILITY BY LITIGATION.
WE WILL CONTINUE OUR EFFORTS TO COMPLETE THE AUDIT OF PAYMENTS MADE ADMINISTRATIVELY TO U.S.A.C. TRANSPORT, INC., PURSUANT TO THE TERMS SPECIFIED IN OUR LETTERS OF JANUARY 26, 1958, AND FEBRUARY 20, 1956, TO YOU, WITH A VIEW TO AN EARLY DETERMINATION OF THE DEBITS AND CREDITS, AND THE BALANCES, IF ANY, DUE THE UNITED STATES, OR TO YOUR CLIENT.