Diligent - Due Diligence

Due Diligence

Due diligence is the necessary amount of diligence required in a professional activity to avoid being negligent. This commonly arises in major acquisitions where the legal principle of caveat emptor (let the buyer beware) requires the purchaser to make a diligent survey of the property or service.

Read more about this topic:  Diligent

Famous quotes containing the words due and/or diligence:

    “The unpredictability inherent in human affairs is due largely to the fact that the by-products of a human process are more fateful than the product.”
    —Eric Hoffer (1902–1983)

    “The Service without Hope
    Is tenderest, I think—
    ...
    There is no Diligence like that
    That knows not an Until—”
    —Emily Dickinson (1831–1886)