A Phase I environmental due diligence eliminates all CERCLA liability.

Question

Quizplus · Accepted Answer

A Phase I Environmental Site Assessment (ESA) is designed to identify potential or existing environmental contamination liabilities for a property, but it does not eliminate all Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) liabilities. It can, however, help qualify a property owner for certain landowner liability protections under CERCLA.

A Phase I Environmental Due Diligence Eliminates All CERCLA Liability