Environmental
A Nebraska property near a gas station shows petroleum odors. The ASTM standard for environmental due diligence (Phase I ESA) was designed to qualify a buyer for:
ACERCLA innocent landowner defense✓ Correct
BAutomatic NDEE cleanup grants
CFederal wetlands permits
DTax abatements for cleanup costs
Explanation
Phase I ESAs are conducted following ASTM standards to qualify purchasers for the innocent landowner defense under CERCLA, protecting buyers who conduct appropriate inquiry before purchase from liability for pre-existing contamination.
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