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In June 1985,Joseph Marcantuone and Robert Gieson Purchased Property Located

question 82

Multiple Choice

In June 1985,Joseph Marcantuone and Robert Gieson purchased property located in East Orange,New Jersey.At the time of purchase,the property was partly occupied and leased to Carriage Trade Cleaners,a dry cleaning establishment.A number of dry cleaners continuously operated on this site since 1930.Marcantuone and Gieson owned and operated a grocery store on another section of the property.They have never personally owned or operated a dry cleaning establishment on the property.JRM,LLC,and Sang Hak Shin were tenants on the property and the last operators of the dry cleaning establishment that utilized the hazardous substance tetrachloroethylene,or perchloroethylene (PCE) ,during the time Marcantuone and Gieson owned the property.The city of East Orange acquired the property through condemnation for the purpose of building a school on the property.But,the PCE was discovered on the property and out of the $629,407 given to Marcantuone and Gieson as compensation for the taking,the city held back $182,035.20 for the cost of the PCE clean-up.It cost the city a total of $212,000 to complete the clean-up of the property.
-What is the process of evaluating property prior to purchase called?

Definitions:

Correlation

A statistical measure that describes the extent to which two variables change together.

Percent Alive

The proportion, usually expressed as a percentage, of individuals in a population that are alive at a given time.

Electronically Activated Recorder

A device used to capture audio data within an environment, often used in research to record snippets of ambient sounds and conversations.

Participants' Privacy

Pertains to the protection and confidentiality of an individual's personal information, especially in the context of research or data collection.