Thus, the code recognizes due care
as a process, incorporating these characteristics, that members of the AICPA must follow when performing professional engagements.
In October last year Watts escaped a driving ban after pleading guilty to driving without due care
and attention at Barking Magistrates' Court.
On considering complaints against Antony Baker, the disciplinary committee made the following findings: in relation to one client he had failed to prepare accurate year-end accounts and failed to submit them to Companies House timeously, thereby failing to act with professional competence and due care
But by that time he was unable to prepare mentally for any trial, having become a shaken shell of a man--surely punishment enough for not traveling without due care
1) Under the negligence rule, the injurer avoids liability by taking due care
Constructive notice occurs when a defective condition would have come to the property owner's attention if the property owner had exercised due care
Essentially, boards had to exercise due care
, act in good faith and in a disinterested manner, and not abuse their discretionary position.
Essentially, boards considering change of control transactions are required to exercise due care
, act in good faith and in a disinterested manner and not abuse their discretionary position.
This "business-judgment rule" consists of three parts: (1) the officers and directors making the decision are "disinterested," (2) they use due care
in making the decision, doing their homework to become familiar with the facts, consulting with experts, if necessary, and making a decision only after assessing the facts, and (3) the decision is made with a reasonable belief that it is in the best interests of the organization and the shareholders.
For instance, in situations where little evidence about a defendant's actions exists after an accident, it may be less costly for the defendant to prove that he took due care
than it is for the plaintiff to attempt to prove that the defendant did not take due care
1989), the Supreme Court of Florida adopted a corporate standard for hospitals that requires hospitals to exercise due care
in the selection and retention of physicians.