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MacDonald says that if you are asked the question, "Where did you meet Bernard Shaw?" and you answer, "In a dream," then your answer would be silly because you never actually met him in real-life.
Foreseeable Plaintiff
A person who is readily identifiable as likely to be harmed by the defendant's conduct, thus owed a duty of care in negligence law.
Qualified Opinion
An opinion issued by an auditor saying that, as of a given date, the books of a firm represent its financial health; however, the auditor may qualify the opinion either because the firm is facing some uncertainty that might affect the company in the future or because the firm has deviated from generally accepted accounting principles (GAAP) in some minor way.
Sarbanes-Oxley Act
Legislation that places an affirmative duty on the directors of publicly-traded corporations to monitor whether they are conforming to all legal requirements.
Duty of Care
A legal obligation to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.
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