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Explanation : In merger and acquisition the process of carefully investigating the details of an investment or purchase to assess risk and potential value reward
Due diligence is an investigation or audit of a potential investment.
Generally, due diligence refers to the reasonable person should take before entering into an agreement or a transaction with an another party.
reasonable steps taken by a person to avoid committing a tort or offence
Due diligence is to establish the assets and liabilities and evaluate its commercial potential.
Measure of prudence,responsibility, anddiligence that is expected from, and ordinarily exercised by, areasonableand prudentpersonunder the circumstances.
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