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What is a climax community?
Corporation
A form of business organization that is owned by owners, called shareholders, who have no inherent right to manage the business, and is managed by a board of directors that is elected by the shareholders.
Takings Clause
Part of the Fifth Amendment of the U.S. Constitution, stating that private property cannot be taken for public use without just compensation.
Eminent Domain
A governmental power whereby the government can take or condemn private property for a public purpose on the payment of just compensation.
Private Property
Land or possessions owned by individuals or corporations, not by the government or public as a whole.
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