due care


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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 ?
Annetta Sarensen, Vergennes, was cited with duty of due care (cellphone).
Thomas Dunson, of Du Quoin, was cited with duty of due care -- speeding.
It will be important to carefully consider the prosecution evidence to assess upon what basis the police say that you were driving without due care and attention.
GUILTY: James John McCombie, 28, a doctor, was found guilty of driving without due care and attention, after an incident which left a young woman in hospital
Rhianne Pettifor, aged 18, of Friars Close, Binley Woods, driving without due care and attention, fined pounds 75.
The taxpayer claimed that his reliance on his business partner to file the extension constituted the exercise of due care. The court disagreed.
To avoid such problems, due care must be taken to evaluate life insurance companies and policies using all available information.
A buyer cannot complain about the bargain he has made if he fails to exercise due care in evaluating the property before he signed contract.
THE following cases were heard at Pontypridd Magistrates' Court: Dean Harding, 45, of High Street, Gilfach Goch, Porth, was fined pounds 35 and had four points added to his driving licence after admitting driving without due care and attention.
Ms Harman, pictured, is facing charges of driving without due care and attention and driving while using a mobile phone, the CPS said.
Ms Harman is facing charges of driving without due care and attention and driving while using a hand-held mobile telephone, the CPS said.
Mr Jones, from Doncaster now faces court action for driving without due care and attention after his BMW nearly plunged down a 100ft cliff on Sunday.