james purchased an abandoned lot. when he started to develop the land, he discovered several underground storage tanks containing hazardous waste buried on the site. he claims the seller, richard, is liable to him for the cost of removing the tanks. richard claims he owned the lot for 20 years and never knew of the underground tanks. richard argues he purchased the land from thomas and that thomas or his heirs are liable for the cost of removing the underground tanks. explain whether richard is liable to james. does thomas or do his heirs have any liability to james or richard?



Answer :

Richard argues he purchased the land from thomas and that thomas or his heirs are liable for the cost of removing the underground tanks. explain whether Richard is liable to james. does thomas or do his heirs have any liability to james or richard Yes, James is liable for making an untrue statement of material fact.

A tank buried withinside the floor can leap elimination costs between $1,000 and $3,000. A tank buried in a basement might cost a little past the excessive variety of $3,000. The fee of doing away with your heating oil tank can vary, however normally speaking, maximum contractors charge between $a thousand and $2500 for a elimination. This estimate can also additionally or won't encompass sampling and testing, cleanup paintings withinside the occasion of a leak, or different extras.

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