Lincoln is thinking of building a new warehouse for his shipping company near the airport in St. John's, Newfoundland, on a site that he suspects was previously the location of a paint factory. Lincoln believes this because a preliminary survey of the property revealed moderate concentrations of lead and other chemicals in the soil as well as a number of old paint bottles and jars. The site is attractively located close to the main terminal and Lincoln would like to buy the property and build. However, he is worried about potential environmental liability. His best bet is probably
A) to have a full environmental survey and impact study done, and then if the risk of liability is small, buy the property.
B) buy the property and clean it up.
C) to have a full environmental survey and impact study done, and to seek comfort letters from federal and provincial environmental authorities before buying the property.
D) to buy the property, and then locate and sue the owners of the paint company.
E) to complain to federal and provincial authorities.
Correct Answer:
Verified
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