A decision of the Court of Appeals of New York. Cardozo C.J. delivered a judgment warning about the potentially endless scope of liability in negligence cases.

Cardozo J said,

‘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 class. The hazards of a business conducted on these terms are so extreme as to enkindle doubt whether a flaw may not exist in the implication of a duty that exposes to these consequences.’