The Passage in the Judgment by Cardozo, CJ in the Ultramares

question 24

Multiple Choice

The passage in the judgment by Cardozo, CJ in the Ultramares case, ' …… a liability in an indeterminate amount for an indeterminate time to an indeterminate class' refers to:

• A) an auditor's liability to exercise due care.
• B) an auditor's liability to the client.
• C) an auditor's liability to third parties.
• D) an auditor's statutory liability.

---

Definitions:

Perfect Handshake

The Perfect Handshake refers to an ideal, culturally sensitive method of greeting in professional and social contexts that conveys confidence and respect, typically involving a firm grip and brief duration.

Personal Brand

The unique combination of skills, experiences, and personality that one wants to convey to others, often for professional purposes.

First Impression

The immediate reaction or opinion formed upon meeting someone or encountering something for the first time.

Dynamic Blend

A mix or combination of elements that is constantly changing or evolving, often resulting in a unique outcome.