It’s not this simple, typically. Diligence can mean requesting internal documents or statements, which doesn’t prevent a thoroughly dishonest partner from just

It’s not this simple, typically. Diligence can mean requesting internal documents or statements, which doesn’t prevent a thoroughly dishonest partner from just plain lying about their capabilities. It doesn’t seem inconceivable to me that Hertz performed that kind of diligence, perhaps not recognizing the kind of shyster they were dealing with.