Using Its Power of Eminent Domain, the Government Takes David's

question 73

Multiple Choice

Using its power of eminent domain, the government takes David's land because it is part of the route for a new highway. The government must

• A) fairly compensate David for taking his land.
• B) pay David at least half of the market value of his land.
• C) let David continue to live on the land for at least one year.
• D) notify David's neighbors of the taking.

---

Definitions:

Dishonors

Refers to the failure to accept or pay a bill of exchange or promissory note when due.

Dishonored Note

A promissory note that has not been paid by the maker at maturity.

Maturity

The date on which a financial obligation or investment becomes due for payment or achieves its full value.

Note Receivable

A written promise that money will be paid by the debtor to the creditor at a certain date in the future.