To protect against potential environmental liability that may be incurred from the site they are buying,Trees Inc,a Miramichi,New Brunswick-based greenhouse operation should negotiate a lender liability agreement with its bankers.

Question

Quizplus · Accepted Answer

A lender liability agreement is not typically used to protect against environmental liability. Instead, Trees Inc. should consider conducting environmental due diligence and negotiating indemnity clauses or environmental insurance to address potential environmental liabilities.

To Protect Against Potential Environmental Liability That May Be Incurred