A more thorough explanation:

Definition: Common diligence refers to the level of care and attention that an ordinary, reasonable person would take in a given situation. It is a standard of care that is expected of everyone in their daily lives.

For example, if you are driving a car, common diligence would require you to obey traffic laws, pay attention to the road, and avoid distractions. If you are a business owner, common diligence would require you to provide a safe environment for your employees and customers, and to follow all applicable laws and regulations.

Common diligence is often contrasted with , which refers to a higher level of care and attention that is required in certain situations, such as when making a business deal or conducting a legal investigation.

• When walking on a crowded sidewalk, common diligence would require you to watch where you are going and avoid bumping into other people.
• If you are a landlord, common diligence would require you to maintain your rental property in a safe and habitable condition.
• When using a power tool, common diligence would require you to wear appropriate safety gear and follow the manufacturer's instructions.

These examples illustrate how common diligence is a basic standard of care that applies to many different situations in our daily lives. By following this standard, we can help prevent accidents and avoid legal liability.

Definition: Due diligence refers to a higher level of care and attention that is required in certain situations, such as when making a business deal or conducting a legal investigation. It involves conducting a thorough investigation and analysis of all relevant information before making a decision or taking action.

For example, if you are considering investing in a company, due diligence would require you to review its financial statements, business plan, and legal documents to ensure that it is a sound investment. If you are conducting a legal investigation, due diligence would require you to gather all relevant evidence and interview all relevant witnesses.

Due diligence is often required by law or industry standards, and failure to conduct due diligence can result in legal liability or financial loss.