Suneeta Wants to Buy a Large Commercial Property Called Blackacre

question 41

Multiple Choice

Suneeta wants to buy a large commercial property called Blackacre from Horst.The property contains various types of buildings.It is currently used as a television studio.Suneeta wants to use it as an Internet telecommunications centre.Which of the following statements is true as a matter of risk management?

• A)Suneeta should hire an appraiser to determine whether or not Blackacre is, from a technical perspective, suitable for her business purposes.
• B)Suneeta should hire an inspector to ensure that the property and the buildings are safe, and she should hire a lawyer to make sure the land is zoned for her intended use.
• C)Suneeta should hire an environmental auditor to ensure that the buildings are strong enough to withstand the worst weather conditions that might reasonably be expected to occur in the area.
• D)Suneeta should hire a surveyor to search the marketplace and ensure that no other suitable property is available.
• E)Suneeta should hire a real estate agent to ensure that the land supposedly included within Blackacre does not encroach upon a neighbouring property.

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Definitions:

Decades

Periods of ten years, used as a measure of time to indicate duration or historical moments.

Similarity Breeds Liking

A principle suggesting that people tend to form relationships and have more positive feelings towards individuals who are similar to them in terms of beliefs, values, and interests.

Relationships

Pertains to the way in which two or more concepts, objects, or people are connected, or the state of being connected.

Discrimination

Involves the unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.