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The meaning of due diligence, under torts and damages, refers to the standard of care while performing any acts that could foreseeably harm others. It is 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.
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∙ 13y ago
"Due diligence" refers to the research and analysis process undertaken to investigate the financial and operational aspects of a business or investment before making a decision. It involves assessing risks, opportunities, and compliance issues to ensure that all relevant information is considered. It is a crucial step in making informed and prudent decisions.
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Due diligence differ from due care?
Due diligence refers to the careful investigation and evaluation of a potential investment or business transaction to ensure all relevant information is known. Due care, on the other hand, refers to the standard of care that a reasonable person would take to prevent harm to others or property. In simpler terms, due diligence involves being proactive in gathering information, while due care involves acting responsibly and with caution in a given situation.
What precautions should be taken while making purchase of govt stores?
When making a purchase of government stores, precautions to take include ensuring that all procurement guidelines and regulations are followed, verifying the authenticity of the supplier, conducting proper due diligence on the items being purchased, and maintaining accurate records of the transaction for auditing purposes.
What are the differences between estoppel by negligence and estoppel by representation?
Estoppel by representation occurs when one party makes a false statement or representation that another party relies on to their detriment. Estoppel by negligence, on the other hand, arises when a party fails to exercise due diligence or care in a situation and the other party suffers harm as a result. In estoppel by negligence, the focus is on the negligent actions or inactions of the party rather than a deliberate misrepresentation.
What is the meaning of Suleman?
"Suleman" is a variant of the name "Solomon," which has Hebrew origins and means "peaceful" or "peaceful one." It is a name that is often associated with wisdom and leadership due to its biblical connections.
How do you use the words beyond reproach in a sentence?
Her work ethic is beyond reproach, as she always completes tasks with diligence and accuracy.
How do you spell due diligence?
It's two words: due diligence.
What is the latin word for due diligence?
diligentia quam in suis
Did DaimlerChrysler merger fail due to poor due diligence?
I read somewhere that Daimler never even conducted a due diligence? Why? Who the hell knows?!
What actors and actresses appeared in Due diligence - 2008?
The cast of Due diligence - 2008 includes: Ana Ayora as Twilight Dana Deggs as Andie
How does due diligence differ from due care?
Due diligence is doing everything possible to meet the terms of a contract. Due care is doing everything a prudent person would do in a situation to avoid an accident.
Diligence is the mother of good luck?
Due Diligence is way of life to make sure nothing goes unexpected.
Due diligence definition?
Due Diligence is often known as KYC (Know your customer). It is the process of verifying business clients before undertaking work for them. Due Diligence is often known as KYC (Know your customer). It is the process of verifying business clients before undertaking work for them. Due Diligence is often known as KYC (Know your customer). It is the process of verifying business clients before undertaking work for them.
Use due dili gence in a sentence?
Using due diligence he investigated the lair of the lion.
What is the purpose of due diligence regarding a hedge fund?
Due diligence is used to refer an investigation that is undertaken before a contract is signed. The purpose of due diligence is to make sure that the contract will be beneficial, generally within an acceptable risk rate, and possibly to make sure that any business or legal requirements are met or addressed.
What is due diligence in pharmaceutical business?
Due diligence includes researching and testing drugs before bringing them to the market. It also means educating the sales team about legal requirements when approaching doctors.
How do you say due diligence in Spanish?
Requisitos de debida diligencia
Use diligence in a sentence?
A person that is said to have diligence has a strong work ethic and steadfast application. An example of a sentence using this word would be, "The students worked with diligence as they silently conducted the experiment."
