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:
“Mine eye’s due is thine outward part,
And my heart’s right thine inward love of heart.”
—William Shakespeare (1564–1616)
“Keep your own secret, and get out other people’s. Keep your own temper, and artfully warm other people’s. Counterwork your rivals with diligence and dexterity, but at the same time with the utmost personal civility to them: and be firm without heat.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)