Property Ownership
Property Ownership Practice Question
The 'innocent landowner' defense under CERCLA requires:
A
Proof that the owner never visited the propertyB
All appropriate inquiry before acquisitionC
A Phase III environmental assessmentD
Insurance coverage for environmental damageExplanation
The innocent landowner defense requires that the buyer conducted 'all appropriate inquiry' (typically a Phase I Environmental Site Assessment) before purchasing the property and had no reason to know of contamination. This defense protects buyers who performed proper due diligence.
More Property Ownership Questions
The right of a property owner to use their property in any legal manner is known as:
A life estate is an example of:
What is the primary difference between real property and personal property?
In Florida, littoral rights apply to property bordering:
The highest form of property ownership in the United States is:
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