Environmental
What is 'environmental due diligence' for a Delaware commercial buyer?
AReviewing the seller's environmental disclosure form only
BConducting Phase I and potentially Phase II Environmental Site Assessments to identify and evaluate environmental risks before acquisition✓ Correct
CObtaining a structural inspection of the building's environmental systems
DReviewing the local government's environmental permits for the property
Explanation
Environmental due diligence for commercial buyers typically involves a Phase I ESA (reviewing records and conducting a site walkthrough) and, if Recognized Environmental Conditions (RECs) are found, a Phase II ESA (sampling and testing to confirm or rule out contamination).
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