Author Question: What are the ethical implications for the legal team that is aware of hazardous materials on a site ... (Read 171 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
What are the ethical implications for the legal team that is aware of hazardous materials on a site that a client proposes to develop?
 
  What will be an ideal response?

Question 2

What is the difference between construction and permanent financing?
 
  What will be an ideal response?



fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

The answers will vary but should include a discussion about the tension between the duty of confidentiality and the requirement to disclose the existence of hazardous materials. The most thorough response will recite the circumstances under which the lawyer is not bound by the duty but instead is obliged to share otherwise confidential information.

Answer to Question 2

Construction financing represents the funds provided to cover the out of pocket costs of construction and are usually released by the lender based on the percentage of the completion of the project. Permanent financing comes from lenders who do not want the risk inherent in financing a construction project that may never be completed. Permanent lenders will only finance the completed project, but will agree to pay off the construction lender upon completion.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library