Environmental
A Rhode Island seller who knowingly fails to disclose a past oil spill on their property to a buyer may be liable for:
AOnly the cost of the original cleanup
BFraud, misrepresentation, and potential CERCLA liability✓ Correct
COnly a civil fine from the RI DEM
DNothing if the buyer had a Phase I ESA conducted
Explanation
Knowingly failing to disclose a past oil spill is fraudulent misrepresentation. The seller may also face CERCLA liability as a former owner/operator of a contaminated site.
Related Rhode Island Environmental Questions
- In Rhode Island, what is an ISDS (Individual Sewage Disposal System) and why is it important in a real estate transaction?
- The Safe Drinking Water Act (SDWA) protects:
- Under the National Environmental Policy Act (NEPA), Rhode Island projects involving federal funding or permits may require:
- A Rhode Island property is located in a FEMA-designated Special Flood Hazard Area (SFHA). What is required of the mortgage lender?
- What is an 'environmental covenant' in Rhode Island?
- Federal law requires sellers of pre-1978 homes to disclose known information about lead-based paint. In Rhode Island, this federal requirement is:
- Wetlands protection in Rhode Island falls primarily under the jurisdiction of:
- A Phase I Environmental Site Assessment (ESA) is designed to:
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →