Environmental
The 'all appropriate inquiries' (AAI) standard for environmental due diligence in Mississippi requires:
AOnly a visual inspection of the property
BA Phase I ESA meeting ASTM E1527-21 standards to protect a purchaser from CERCLA liability✓ Correct
CA Phase II ESA for all commercial transactions
DOnly a records review without a site visit
Explanation
To satisfy the 'all appropriate inquiries' standard under CERCLA (and potentially qualify for the innocent landowner defense), a buyer must conduct a Phase I ESA meeting ASTM E1527-21 standards before purchasing the property.
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