Environmental
In Missouri, a buyer purchasing a commercial property as a 'bona fide prospective purchaser' (BFPP) under CERCLA is protected from inherited liability if they:
ASimply buy the property and do nothing
BConduct all appropriate inquiries before purchase, take reasonable steps to stop ongoing releases, and comply with land use restrictions✓ Correct
COnly have the Phase II testing done
DPay the current owner a premium for the liability waiver
Explanation
BFPP protection under CERCLA requires: all appropriate inquiries (Phase I ESA), no knowledge of contamination at purchase, not affiliated with PRPs, exercising appropriate care after purchase, and complying with legal requirements.
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