Exam (elaborations)
REE 3433 Exam 4.
Exam of 4 pages for the course TAX 4001 at TAX 4001 (REE 3433 Exam 4.)
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REE 3433 Exam 42 types of private land use - ANS-1.tort law
2.private agreements
2 types of public land use - ANS-1.government ownership
2.government regulation
4 categories of person entering the real estate - ANS-1.trespasser
2.child trespasser
3.licensee
4.invitee
4 State planning methods - ANS-1.Direct state regulation
2.State regulation of a limited geographic area affected by land use crisis
3.State regulation on the basis of functional criteria
4.Regional land use planning and control
6 responsible parties under CERCLA - ANS-1.current owner/operator of hazardous
waste facility
2.past owner/operator of facility when waste was disposed
3.generator of the waste
4,transporter of the waste
5.landowner seller
6.landowner buyer's lender
A covenant running with the land is a written agreement that not only binds the parties
but also later owners of the land. - ANS-true
A due diligence environmental review typically involves a review of the public records,
interviews and questionnaires with those familiar with the area, a visit to the site, and an
analysis of any environmental records possessed by the seller. What is the name of this
review? - ANS-Phase I
A party who enters the land of another without the landowner's consent will always be
liable for trespass, no exceptions. - ANS-false
A person who has not been negligent and has not intentionally caused injury may still
be liable under tort law for another kind of action. - ANS-true
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