An innocent purchaser of land will not be held liable for environmental cleanup if he first conducts a due diligence environmental review.

Question

Quizplus · Accepted Answer

An innocent purchaser of land who conducts a due diligence environmental review may be able to avoid liability for environmental cleanup under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and many state laws. However, it is important to note that the requirements and standards for due diligence vary by jurisdiction and may not provide complete protection from liability. Additionally, some environmental liabilities may arise outside of CERCLA liability, such as under common law, and may not be avoidable through due diligence.

An Innocent Purchaser of Land Will Not Be Held Liable