Salvatore Is Considering Buying a Piece of Land Called Blackacre

Essay

Salvatore is considering buying a piece of land called Blackacre that previously contained a chemical factory.He has hired an environmental auditor.As Salvatore explained, "It's a good move from a risk management perspective.By hiring that person, I may avoid liability in the first place and I may have access to a source of compensation if something goes wrong later on." Explain the meaning of Salvatore's statement.