A Lender Would Be More Likely to Request an Environmental

question 19

True/False

A lender would be more likely to request an environmental assessment than an environmental audit before lending funds to a borrower intent on acquiring derelict lands that were once a large railway yard.

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Definitions:

Physical Harm

Injury or damage to the body of a person caused by external force or violence.

Duress

A condition where a person performs an act as a result of violence, threat, or other pressure against the person.

Disparagement

A business tort that occurs when a statement is intentionally used to defame a business product or service.

Negligent Misrepresentation

A false statement made carelessly that leads another to act on it to their detriment.