If a bank assumes ownership of a piece of contaminated land, the bank becomes a responsible party
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Option c
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Explanation:
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According to the banking norms for getting loan a property has to be attached as a collateral security and agreement of repaying entered between the bank and loanee.
In case of defaulting of loan it is the prerogative of the bank to sell or withheld the property.
So, to recover the loan, bank has the right to sell the attached property which is attached as collateral security even if it is contaminated land. The sole aim of the bank is to recover the loan in case of repayment in which loanee is referred as defaulter.
Answer:
Explanation:
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Answer:
<h3>a. give state courts automatic jurisdiction over out-of-state defendants.</h3>
Explanation:
- Long-arm statutes are laws that allow state courts to acquire automatic jurisdiction over out-of-state defendants. The courts can apprehend an out-of-state defendant based on certain actions which have connections with the concerned state.
- The provisions of a long-arm statute normally grants a state court the right to jurisdiction over a non-state domicile if the individual has minimum connection within the state's court jurisdiction.
Answer:
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