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Judgment & ambiguity · Decisions under uncertainty

You're three days from closing on an acquisition when the Phase I environmental report flags a former dry cleaner two parcels upgradient — no on-site testing done, and a Phase II would blow the closing date. Do you close, extend, or walk, and on what basis?

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You're three days from closing on an acquisition when the Phase I environmental report flags a former dry cleaner two parcels upgradient — no on-site testing done, and a Phase II would blow the closing date. Do you close, extend, or walk, and on what basis?

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