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Which of the following are correct in relation to Due Diligence & Due Care?
Due Care is doing the right thing.
Due Diligence is gathering information to make the best decision.
Only Due Care is needed to mitigate risk and liability.
Due Diligence is never required to ensure Due Care.
Due Diligence is gathering information to make the best decision and Due Care is doing the right thing. Many times Due Diligence has to be performed so that proper Due Care can take place. Due Diligence is required to mitigate risk, and risk to its client which can result in litigation.
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