Odiferous Waste Company Is a Subsidiary of Precarious Investments,Inc

question 21

Essay

Odiferous Waste Company is a subsidiary of Precarious Investments,Inc.Odiferous op?erates a hazardous waste disposal site.QuikChem Corporation is one of many parties who generate waste disposed of at the site.Odiferous borrows money from Regal Bank,which takes over the site when Odiferous goes bankrupt.The Environmental Protection Agency discov?ers a leak at the site.Can any of these private parties be forced to pay for the clean up? If so,who?

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Economic resource that is used to produce goods and services, including buildings, machinery, and equipment.

Financial Assets

Resources having economic value that are held by an individual or corporation, primarily including stocks, bonds, and cash equivalents.

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A profit-seeking decision maker who starts with an idea, organizes an enterprise to bring that idea to life, and assumes the risk of the operation