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Answer_1">Answer 1Due diligence means:
  • General: Measure of prudence, responsibility, and diligence that is expected from, and ordinarily exercised by, a reasonable and prudent person under the circumstances.
  • Business: Duty of a firm's directors and officers to act prudently in evaluating associated risks in all transactions.
  • Investing: Duty of the investor to gather necessary information on actual or potential risks involved in an investment.
  • Negotiating: Duty of each party to confirm each other's expectations and understandings, and to independently verify the abilities of the other to fulfill the conditions and requirements of the agreement. Also called reasonable diligence.
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Answer 2Due DiligenceUnder Civil Law as well as torts, due diligence is defined as the care or attention to a matter that is sufficient enough to avoid a claim of negligence, though not necessarily exhaustive. It also is the measure of prudence to be expected from, and ordinarily exercised by, a reasonable and prudent person under particular circumstances.

The process through which a potential buyer evaluates a target company or its assets for acquisition. It involves examining financial records, management decisions, competitive challenges, assets, liabilities, and any other considerations that would make the acquisition a good or bad decision.

Deligence is doing work without tiring & working every time,and massive amount of information.

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Q: What is due diligence as it relates to law?
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