Doing the Numbers: The Numerate Lawyer and Transactional Law

18 Pages Posted: 23 Apr 2018 Last revised: 12 Jul 2018

Date Written: 2014


Dear Professor, I am responding to your request for comments regarding the course in Corporations. I was one of those who could profess no prior experience with business at the outset of the course. I am most challenged by "Balance Sheet." These are the dark magic words that bring forth the demons of chaos. Once you incant these words you begin to speak in tongues and you write strange symbols that cloud the mind. You take those numbers, which seem like so many orphans on the street and you move them about finding them homes. You scribble on the board for a bit and then turn about with that "whole face, about to chuckle I am so pleased, isn't this mountains of fun" smile, and I want to bang my head on the table till the bad woman goes away. Still, it is not your fault that the course is so dreadfully horrible. Math is a thing so terrible that it defies description. Poets, who can grasp the terrors of war and death, pain and suffering, have never been able to capture that dark aspect. It is the incarnation of evil, it comes in many forms and guises, and in your class it calls itself "Balance Sheet." Anon.

Keywords: Transactional law, balance sheet, corporations, economy, economist

Suggested Citation

Gabaldon, Theresa A., Doing the Numbers: The Numerate Lawyer and Transactional Law (2014). American University Business Law Review, Vol. 3, No. 1, 63. Available at SSRN:

Theresa A. Gabaldon (Contact Author)

George Washington Law School ( email )

2000 H Street, N.W.
Washington, DC 20052
United States
202-994-6995 (Phone)
202-994-9811 (Fax)

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