Xenon Corporation discovered that the soil beneath its headquarters' parking lot was contaminated with hazardous waste. At the turn of the century, the land had been used by a paint factory. Chemicals in production were probably dumped outside the factory that once stood there. What phase of due diligence did Xenon miss before buying the property?
A) Phase I
B) Phase II
C) Both Phase I and II
D) Xenon was not required to do due diligence
Correct Answer:
Verified
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