Ultramares Corp. v. Touche
US tort law case / From Wikipedia, the free encyclopedia
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Ultramares Corporation v. Touche, 174 N.E. 441 (1932) is a US tort law case regarding negligent misstatement, decided by Cardozo, C.J. It contained the now famous line on "floodgates" that the law should not admit "to a liability in an indeterminate amount for an indeterminate time to an indeterminate class."
Quick Facts Ultramares Corporation v. Touche, Court ...
Ultramares Corporation v. Touche | |
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Court | New York Court of Appeals |
Full case name | ULTRAMARES CORPORATION, Appellant and Respondent v GEORGE A. TOUCHE et al., Copartners under the Firm Name of TOUCHE, NIVEN & COMPANY, Respondents and Appellants |
Decided | January 6, 1931 |
Citation | 174 N.E. 441 (1932) |
Transcript | |
Court membership | |
Judges sitting | Cardozo J, POUND, CRANE, LEHMAN, KELLOGG, O'BRIEN and HUBBS |
Keywords | |
Auditor liability, duty of care |
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