Question

What is the discriminator used by the court to determine whether proper due care and due diligence was performed by an organization?

a. best business practice

b. law of averages

c. prudent man rule

d. annualized loss expectancy calculations

Answer 1

Option C is correct

Step-by-step explanation:

This is a legal maxim placing restriction on allowable discretion when dealing with a clients accounts to types of investment that a prudent person seeking reasonable income would buy for himself.