Environmental
A buyer purchasing commercial property to avoid CERCLA liability should conduct due diligence to qualify as an 'innocent landowner.' Which step is most critical?
APurchasing title insurance
BConducting an All Appropriate Inquiry (AAI), typically a Phase I ESA✓ Correct
CObtaining a seller's affidavit of no contamination
DFiling a notice with the EPA before closing
Explanation
To qualify for the innocent landowner defense under CERCLA, a buyer must conduct All Appropriate Inquiries (AAI) before purchase — typically a Phase I ESA meeting EPA standards — to identify any known environmental conditions.
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