Exam 15: Environmental law

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When can a corporate officer be held civilly liable under the Clean Water Act?

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C

Policy statements issued by the EPA have the force of law.

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False

Tina is the president of Bank X which holds a mortgage on a company found liable for illegal disposal of hazardous waste. The company has stopped paying on its loan to Bank X. Tina would like to foreclose,but she does not want the bank to become liable under CERCLA as an owner. What should she do?

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B

According to the EPA,in order to avail itself of the third-party defense,one of the steps a prospective purchaser must do is hire an environmental professional to conduct a site assessment.

(True/False)
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The BP oil spill in the Gulf of Mexico led to the largest accidental oil spill in history.

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The Toxic Substances and Control Act applies only to chemical substances manufactured in the U.S.,not to imported chemicals.

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Which of the following is false regarding defenses to liability under CERCLA?

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________ liability is the responsibility of an acquirer of corporate assets for the liabilities of the seller.

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The Clean Water Act is inapplicable to ponds that are not adjacent to open water.

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Environmental law does not cover land-use regulation.

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Environmental laws establish minimum standards to which companies must adhere.

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The Securities and Exchange Commission (SEC)has no requirements in regard to disclosing environmental liabilities.

(True/False)
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Environmental ________ is a systematic and ongoing process for determining whether property contains or emits hazardous substances and whether a company is in compliance with environmental laws

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Explain what the Solid Waste Disposal Act as amended by the Resource Conservation and Recovery Act (RCRA)authorizes the EPA to do.

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A fundamental element of the U.S.scheme of pollution control is the policy that the polluter pays.

(True/False)
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________ is imposed upon the generator of hazardous waste by the Resource Conservation and Recovery Act.

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State environmental laws may not be more stringent than federal laws.

(True/False)
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What is the Kyoto Protocol? Is the U.S.a signatory?

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Under which of the following may a parent corporation be held liable under CERCLA for facilities ostensibly operated by a subsidiary?

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The Clean Air Act does not require which of the following?

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