Property OwnershipHARD
The 'innocent landowner' defense under CERCLA requires:
Correct Answer
B) All appropriate inquiry before acquisition
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.
Answer Options
A
Proof that the owner never visited the propertyB
All appropriate inquiry before acquisitionC
A Phase III environmental assessmentD
Insurance coverage for environmental damageVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
environmental-site-assessmentsdue-diligence-in-real-estateproperty-liability-issues
Key Terms:
CERCLAinnocent landowner defenseall appropriate inquiryPhase I Environmental Site AssessmentSuperfund liability
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