In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchase, the property was partly occupied and leased to Carriage Trade Cleaners, a dry cleaning establishment. A number of dry cleaners continuously operated on this site since 1930. Messrs. Marcantuone and Gieson owned and operated a grocery store on another section of the
property. They have never personally owned or operated a dry cleaning establishment on the property. JRM, LLC, and Sang Hak Shin were tenants on the property and the last operators of the dry cleaning establishment that utilized the hazardous substance tetrachloroethylene or perchloroethylene (PCE) during the time Marcantuone and Gieson owned the property. The city of East Orange acquired the property through condemnation for the purpose of building a school on the property. But, the PCE was discovered on the property and out of the $629,407 given to Marcantuone and Gieson as compensation for the taking, the city held back $182,035.20 for the cost of the PCE clean-up. It cost the city a total of $212,000 to complete the clean-up of the property. ?How would the city have discovered the PCE on the property prior to its valuation for condemnation?
A)?Through inspection of the property and the presence of a dry-cleaning establishment
B)?Through land records tracing ownership of the dry-cleaning establishment
C)?Through soil tests
D)?All of the above
D
You might also like to view...
Research shows that followers seek and admire leaders who create feelings of
A. anticipation. B. individualism. C. significance. D. clarity. E. freedom.
The accounting practices that are practiced by a decentralized organization are referred to as ___________________________________
Fill in the blank(s) with correct word
Which type of employees would a free-rein-organized company most likely want to hire?
A) workers who need constant guidance B) workers who do not think for themselves C) workers who are self-motivated D) workers who are not good communicators E) workers who have been trained to think alike
Private B2B exchanges connect member firms through a secure system that permits all the organizations to share significant information as well as facilitate exchanges.
Answer the following statement true (T) or false (F)