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Ultramares v Touche: Difference between revisions
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You’ll not guess what happened next. | You’ll not guess what happened next. | ||
Stern declared [[bankruptcy]] the following year. Ultramares sued Touche for the debt, declaring that a careful audit would have shown Stern to be insolvent. The audit was found to be [[negligent]], but not [[fraudulent]]. The case then went to the New York Court of Appeals, the great | Stern declared [[bankruptcy]] the following year. Ultramares sued Touche for the debt, declaring that a careful audit would have shown Stern to be insolvent. The audit was found to be [[negligent]], but not [[fraudulent]]. The case then went to the New York Court of Appeals, the great Justice [[Benjamin N. Cardozo]] presiding. | ||
{{cardozo indeterminacy}} | {{cardozo indeterminacy}} | ||
{{sa}} | |||
*[[Cardozo indeterminacy]] | |||
*[[Dilbert’s programme]], a quixotic quest to ''avoid'' Cardozo indeterminacy | |||