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Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care. Due diligence can be a legal obligation, but the term more
Here, mere errors in judgment are excusable (Best Judgment Rule) and cannot be judged solely with the gift of hindsight without substantial injustice. He or she is required to exercise ordinary care and caution (diligence) in the use of that skill (Due Care Rule), and procedural and technical failures are held to be the most common breaches.
Situations in which a duty of care have previously been held to exist include doctor and patient, manufacturer and consumer, [2] and surveyor and mortgagor. [3] Accordingly, if there is an analogous case on duty of care, the court will simply apply that case to the facts of the new case without asking itself any normative questions. [4]
The bill directs health care practitioners to operate with the "same degree of professional skill, care, and diligence" for a baby born with a heartbeat after an abortion as during a normal birth.
In recent years, larger health care systems in New Hampshire and Massachusetts have been partnering with smaller hospitals in the Granite State. ... "After months of due diligence, thoughtful ...
It factors into due care and due diligence decisions in business risk. Restrictions exist in the cases where the loss applies to human life or the probability of adverse finding in court cases. One famous case of abuse by industry in recent years related to the Ford Pinto.
Therefore, I consider "due diligence" to much broader than just its legal implications. In light of this, I would advocate NOT combining the articles and even expanding the "due diligence" article to reflect this broader sense. --PeterVog 23:19, 29 October 2005 (UTC) Duty of care is the basis of negligence.
The purpose of screening the receiving parties of finished goods is to exude "due diligence" and "reasonable care" when completing transactions with foreign entities, ensuring the safety and intention of the products and importers.
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