An 'innocent purchaser' defense under CERCLA allows a property buyer to avoid Superfund liability IF they:
Why Conducted an appropriate all-appropriate-inquiry (AAI) investigation before purchase and did not cause or contribute to contamination Is Correct
Answer B: Conducted an appropriate all-appropriate-inquiry (AAI) investigation before purchase and did not cause or contribute to contamination
Exam Tip: Environmental
Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.
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Key Terms to Know
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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