 If liability for negligence exists, a thoughtless slip or blunder, the failure to detect a theft or forgery beneath the cover of deceptive entries, may expose accountants to a liability in an indeterminate amount for an indeterminate time to an indeterminate...  Accounting and Auditing Practices and Procedures: Hearings Before the ... - 505. lappuseautors: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Reports, Accounting, and Management - 1977 - 2176 lapasPilnskats - Par šo grāmatu
 | Clifford P. Hooker - 1978 - 416 lapas
...awarding damages for such nonphysical consequences of negligence, saying such a result would produce "liability in an indeterminate amount for an indeterminate time to an indeterminate class."82 A plaintiff might argue, however, that the award of damages be limited to the costs of remedial... | |
 | F. H. Lawson, B. S. Markesinis - 1982 - 276 lapas
...share, to the same extent at least, the Common law concern that economic loss of this kind may lead to 'liability in an indeterminate amount for an indeterminate time to an indeterminate class'. 190 For since liability in these systems has to be imposed through the law of contract, the problem... | |
 | G. Edward White - 2003 - 424 lapas
...unlimited liability. "If liability for negligence exists," he claimed, "a thoughtless slip or blunder . . . may expose accountants to a liability in an indeterminate...an indeterminate time to an indeterminate class." 54 Moreover, if liability in negligence were upheld in Ultramares, it would "extend to many callings... | |
 | B. Bertotti - 1990 - 460 lapas
...of which, however, lies fear of the 'nightmare scenario' commonly depicted in Cardozo CJ's words as a 'liability in an indeterminate amount for an indeterminate time, to an indeterminate class',786 The 'floodgates' argument is discussed in our introduction.787 Here it will suffice to summarize... | |
 | Ross Cranston - 1997 - 630 lapas
...risk that C's situation can be described by Justice Cardozo's famous words in the Ultramares case as 'liability in an indeterminate amount for an indeterminate time to an indeterminate class'.1* Products liability is an exception that is subject to special. detailed rules that cannot... | |
 | Malcolm Alistair Clarke - 1997 - 358 lapas
...required, but, more often, it is unpredictably large sums: in the famous flood warning of Cardozo J, it is 'liability in an indeterminate amount for an indeterminate time to an indeterminate class'.19 So, when people say that a liability is uninsurable this usually means 'indeterminate to... | |
 | George J. Bachrach - 1998 - 370 lapas
...Judge Benjamin Cardozo, writing for the court, reasoned that extending liability beyond that limit "may expose accountants to a liability in an indeterminate...amount for an indeterminate time to an indeterminate class."7 The decision meant that a surety could not recover from an accountant who audited financial... | |
 | Mads Tønnesson Andenæs, Francis Geoffrey Jacobs - 1998 - 354 lapas
...statement of Cardozo J in UItramares Corporation v. Touche42 that a defendant should not be exposed to 'liability in an indeterminate amount for an indeterminate time to an indeterminate class' was inapplicable to liability for misfeasance in public office. Dillenkofer v. Germany The European... | |
 | Andrew L. Kaufman - 1998 - 764 lapas
...transaction whose ramifications were understood by all parties, and Ultramares, which involved potential liability "in an indeterminate amount for an indeterminate time to an indeterminate class."67 Concern about indeterminate liability had also been a feature of Cardozo's earlier opinions... | |
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