Due Diligence and Law

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Due diligence is a modern accounting system that is used in shipping. *

1 point

True

False

Due diligence is a monetary penalty that the debtor must pay to the creditor under the contract. *

1 point

True

False

Due diligence is a process of verification, investigation, or audit of a potential deal. *

1 point

True

False

The origins of the term “due diligence” can be traced back to Ukrainian legislation. *

1 point

True

False

Due diligence has an important role in everyday life. *

1 point

True

False

The human resources department of the potential employer, for example, conducts due diligence in this respect so as to verify the criminal status of the candidate. *

1 point

True

False

A bank conducts due diligence for loan applicants to make sure that they have not defaulted on previous loans. *

1 point

True

False

Legal due diligence is the process of creating the charter of a public joint stock company *

1 point

True

False

Legal due diligence is essentially a legal review of documents and information on the target company or assets. *

1 point

True

False

The primary goal of LDD is to find legal risks *

1 point

True

False

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