Environmental
A property owner's liability under CERCLA for contamination may be limited if they qualify as a 'bona fide prospective purchaser' by:
APaying a premium over market value for the contaminated property
BPurchasing the property after January 11, 2002, conducting all appropriate inquiries, and not contributing to contamination✓ Correct
CDonating the property to a charitable organization
DPurchasing the property at a foreclosure sale only
Explanation
The 'bona fide prospective purchaser' (BFPP) provision in CERCLA protects purchasers who buy contaminated property after January 11, 2002, conduct all appropriate inquiries before closing (typically via Phase I ESA), and do not cause or contribute to the contamination. This protection facilitates redevelopment of brownfield sites.
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