due care

(redirected from reasonable care and skill)
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Due Diligence

The investigation of an asset, investment, or anything else to ensure that everything is as it seems. Due diligence helps a buyer or investor make sure that there are no unexpected problems with the asset or investment and that he/she does not overpay. Due diligence can be a complex and formalized process in the acquisition of a company. Even when buying a house, for example, due diligence involves time consuming and at times expensive endeavors, like a home inspection. However, due diligence is seen as a necessary part of doing business or buying an asset. See also: 10-K, Due diligence meeting.

due care

A legal concept meaning just, proper, and sufficient care under the circumstances. It is the care that would be taken by a reasonable person.For example,tenants are required to take due care of leased property and not use a barbecue grill in the living room.
References in periodicals archive ?
The law also states that every contract to supply a service, such as getting a haircut, or having home improvements carried out must be performed with reasonable care and skill.
Committee chairman Adrian Bailey said: "The risk of creating a right that services must be performed with reasonable care and skill is that traders see it as the standard to meet rather than a minimum requirement.
Ultimately, consumers are less interested in whether a service was conducted with reasonable care and skill than whether it achieved the stated result.