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When Is a Lender to a Company Liable for the Clean-Up

Question 84

Multiple Choice

When is a lender to a company liable for the clean-up of the debtor's property for toxic spills?


A) When the lender participates in the managerial and operational affairs of the debtor
B) When the lender provides financial advice or counseling to the debtor
C) When the lender forecloses on the property
D) When the lender leases the property after taking it back from the debtor

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