Environmental
Under CERCLA, which parties can be held liable for cleanup of a contaminated property?
AOnly the party that caused the contamination
BCurrent owners, past owners, those who transported hazardous substances, and generators of the waste✓ Correct
COnly the current property owner
DOnly federal and state government agencies
Explanation
CERCLA imposes broad liability, potentially affecting current and past property owners, parties who arranged for disposal, and transporters of hazardous substances.
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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