Author Question: Ace Hauling, Inc, has been transporting industrial tailings for companies around the Minneapolis/St. ... (Read 54 times)

lunatika · **on:** Jun 24, 2018

Ace Hauling, Inc, has been transporting industrial tailings for companies around the Minneapolis/St. Paul area for the past decade. The site at which the tailing were dumped has been designated at a CERCLA Superfund site. Ace Hauling's board of directors voted to sell Ace to a new corporation created by legal counsel for Ace. All of Ace's assets, liabilities and contracts will be transferred to the new corporation whose owners are unaware of Ace's history. By creating the new corporation and transferring the assets:
A) Ace can avoid liability under CERCLA.
B) Ace has done nothing to change its CERCLA liability.
C) Ace can avoid any contractual liability under CERCLA.
D) Ace eliminates its liability if its directors have no say in running the new corporation.
E)None of the above

Question 2

A plant patent for new forms of plants and hybrids lasts for how long?
A) 14 years
B) 17 years
C) 20 years
D) 70 years