Solved

Herington Shoes, Inc

Question 9

Multiple Choice

Herington Shoes, Inc., a giant shoe manufacturer, sold its land to Naylor Appliances, Inc.The land was later found to be highly contaminated with harmful chemicals.Herington, Inc, however, had sold the land to Naylor, Inc."AS IS" with a provision that if there are any cleanup costs, Naylor would have to pay for them entirely and would hold Herington harmless for any of the costs.Eventually, Naylor Appliances went out of business and filed for bankruptcy.The EPA is now pursuing Herington Shoes, and no other party, for the cleanup costs.In this situation:


A) Herington is still responsible because the "AS IS" provision does not affect the EPA's rights.
B) Herington is responsible for only its share of the contamination.
C) Herington is responsible only if the EPA can prove it had intentionally dumped the contaminants.
D) two of the above.
E) none of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents