Environmental
The 'innocent landowner defense' under CERCLA protects a buyer from Superfund liability if the buyer:
APurchased the property from a government agency
BConducted all appropriate inquiry (AAI) before purchase and did not know of contamination✓ Correct
CHas owned the property for fewer than 5 years
DIs a first-time property buyer
Explanation
The innocent landowner defense under CERCLA shields a buyer from liability for pre-existing contamination if the buyer performed all appropriate inquiry (Phase I ESA meeting ASTM standards) before purchase and had no actual or constructive knowledge of the contamination at the time of purchase.
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