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.
Thxx man can I have brainliest too
Answer:
Explanation:
Utterly true.
I once asked my wife to teach me to draw an Erlenmeyer flask. She showed me, and she's a good teacher. Then she said "Draw 50 of these. By the time you've done that, you should see how the lines work." She was wrong. My first flask was no worse nor better than the 50th one and I never did see how the lines worked.
I can do math, but my drawings look like I never graduated from Grade 1.
