What happens if a buyer purchases property without conducting environmental due diligence?

Question

Quizplus · Accepted Answer

The buyer becomes jointly and severally liable for clean-up costs associated with environmental contamination on the property, regardless of whether they caused the contamination or were aware of it at the time of purchase. This is because environmental laws, such as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) in the United States, can impose liability on current owners for past contamination.

What Happens If a Buyer Purchases Property Without Conducting Environmental