Under Court Interpretation of the Comprehensive Environmental Response,Compensation,and Liability Act,lenders

question 149

Multiple Choice

Under court interpretation of the Comprehensive Environmental Response,Compensation,and Liability Act,lenders may be liable for clean-up costs of hazardous substances if:

• A)the lender is involved in managing property with hazardous wastes.
• B)the lender has a strong association with the property owner.
• C)the lender has treated the interest in the borrower's property as a long-term investment.
• D)All of the options are correct.
• E)the lender does not take action primarily to protect the credit they have extended.

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Definitions:

Alter The Environment

The process of changing or modifying the surroundings or conditions in which one lives or operates to achieve a certain outcome.

Growth

The processes by which organisms increase in size, weight, strength, and other traits as they develop.

Development

The complex process of growth and change that occurs throughout a human's life, encompassing physical, cognitive, and socio-emotional development.

Theories

Systematically organized principles or explanations proposed to understand phenomena or aspects of the natural or social world.