If a bank assumes ownership of a piece of contaminated land, the bank becomes a responsible party
.
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.
The importance of your rights?
Answer:
40%9:14pm
Which of the following is correct?
Merry buys stocks for $3,000 and sells them
a year and a half later for $7,000.
Merry has to pay short-term capital
gains taxes on $3,000.
Merry has to pay long-term capital
gains taxes on $4,000.
Merry has to pay long-term capital
gains taxes on $7,000.
CLOSE
You don’t really have the necessary proof the convict or act upon the situation
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