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Environmental Laws Quiz

5 Questions

1 Views

Environmental Laws Quiz

Created by

@StaunchTan

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Questions and Answers

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?

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?

Sole Proprietorship

Partnership

Limited Liability Company (LLC) (correct)

Corporation

What is the purpose of conducting a Phase One environmental assessment?

<p>To identify potential environmental issues through visual inspection</p> Signup and view all the answers

In the case of foreclosure, who becomes responsible for the environmental cleanup of the property?

<p>The foreclosing lender</p> Signup and view all the answers

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