James owned real estate. He leased the building to two tenants. An insurance agent leased the first floor and a law firm leased the second floor. James later sold the land to Mary, who used the entire building for her business. She discovered that there were hazardous material storage tanks buried in the land. She had to remove the tanks and then sued James and the former tenants for the cost of
removing the tanks, even though none of them knew the tanks had been there.
a. James and the two tenants are liable.
b. James is liable to Mary, but the tenants are not.
c. The tenants are liable to Mary, but James is not.
d. Neither James nor the tenants are liable to Mary.
b
You might also like to view...
A _________ occurs when the shares of two or more subsidiaries are distributed to the combinor’s shareholders in exchange for all of the parent’s shares with the parent then liquidated.
a. spin-off b. split-off c. split-up d. sell-off
Which culture exists in organizations where making money is the top priority?
a. Ethical b. Networked c. Mercenary d. Fragmented
As remedy for violation of Section 8(a)(2), the NLRB may order the employer:? A) ?to cease recognizing the union
B) not to cancel any agreements reached with the union.? C) give support or assistance to the union.? D) not to disband an in-house or captive union.
The positive fund balance in a special revenue fund must at a minimum be reported as assigned.
Answer the following statement true (T) or false (F)