Friday, May 3, 2024
Difficult Property Gifts

5.2.1 Basic Quiz -- CERCLA
1. CERCLA is comprehensive legislation dealing with the regulation of fundraising by charities.
     True      False
CERCLA was enacted in late 2000 after the discovery of hazardous materials on school grounds.
     True      False
CERCLA is commonly known as Superfund.
     True      False
The basic purpose of CERCLA was to locate, investigate, and clean up the worst sites across the country.
     True      False
The "polluter pays" principle means that only the polluter of the property is responsible for the cleanup costs.
     True      False
The IRS administers the CERCLA program.
     True      False
Under CERCLA, a "PRP" is a person related to the polluter.
     True      False
CERCLA provides that there are up to 12 classes of PRPs.
     True      False
In order to be liable under CERCLA, the government must only show negligence on the part of the polluter.
     True      False
An owner, director or shareholder may be held liable under CERCLA.
     True      False



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