Environmental
In NJ, a commercial property purchaser who discovers post-closing that the seller concealed a known environmental contamination has remedies including:
ANone, as the sale is final
BClaims for fraud, rescission, and damages under common law and potentially CERCLA/Spill Act claims against the prior owner✓ Correct
COnly a complaint to the NJREC
DOnly a claim for a price reduction
Explanation
A seller who knowingly conceals environmental contamination may face fraud claims enabling rescission or damages, common law misrepresentation claims, and potentially CERCLA/Spill Act contribution claims if the prior owner released hazardous substances.
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