Environmental Laws Quiz
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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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