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Questions and Answers
What does CERCLA stand for?
What does CERCLA stand for?
- Comprehensive Environmental Resource Compensation and Liability Act
- Comprehensive Environmental Responsibility and Liability Act
- Comprehensive Environmental Recovery and Liability Act
- Comprehensive Environmental Response Compensation and Liability Act (correct)
Under CERCLA, who is responsible for the environmental cleanup of a property?
Under CERCLA, who is responsible for the environmental cleanup of a property?
- Both the current and previous owner of the property (correct)
- Only the current owner of the property
- Only the previous owner of the property
- The government is solely responsible
What entity type could potentially protect an individual from personal liability under CERCLA?
What entity type could potentially protect an individual from personal liability under CERCLA?
- Sole Proprietorship
- Partnership
- Limited Liability Company (LLC) (correct)
- Corporation
What is the purpose of conducting a Phase One environmental assessment?
What is the purpose of conducting a Phase One environmental assessment?
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In the case of foreclosure, who becomes responsible for the environmental cleanup of the property?
In the case of foreclosure, who becomes responsible for the environmental cleanup of the property?
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