If a Bank Assumes Ownership of a Piece of Contaminated

question 3

Multiple Choice

If a bank assumes ownership of a piece of contaminated land:

• A) the previous owner will be solely responsible for the cleanup.
• B) the bank can re-sell the property without any liability for cleanup.
• C) the bank becomes a responsible party.
• D) the bank cannot sell the land due to its contaminated status.
• E) and then sells it, the future owner will be solely responsible for the cleanup.

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Definitions:

King Philip's War

A conflict between American Indian inhabitants of New England and English colonists and their allies in 1675–78, one of the bloodiest wars per capita in U.S. history.

Puritan Society

A society influenced by Puritans, who were English Protestants in the 16th and 17th centuries, emphasizing strict religious discipline and a simple, morally stringent lifestyle.

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Medical conditions that are characterized by specific symptoms and signs, impacting an individual's health and often spreadable.

Pueblo War

Refers to the Pueblo Revolt of 1680, an uprising of most of the indigenous Pueblo people against Spanish colonizers in present-day New Mexico.