Environmental
A Massachusetts buyer of a commercial property wants to limit environmental liability exposure. They should:
ABuy the property 'as-is' without any environmental review
BConduct a Phase I Environmental Site Assessment to establish 'innocent landowner' or 'bona fide prospective purchaser' protection✓ Correct
CSimply obtain title insurance
DHave the seller sign an indemnification agreement only
Explanation
Conducting a Phase I ESA helps establish CERCLA defenses (innocent landowner, bona fide prospective purchaser) for commercial buyers. This is standard practice before acquiring commercial real estate.
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