alleryStart learning →In which 1933 US statute did the term due diligence become a specialised legal term?
ASecurities Act of 1933
BGlass Steagall Act
CExchange Act of 1934
DInvestment Company Act
Answer & Solution
Correct answer: A. Securities Act of 1933
The US Securities Act of 1933 used the process called reasonable investigation, which made due diligence a legal and business term.
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