Expropriation Is Best Defined as the ________

question 72

Multiple Choice

Expropriation is best defined as the ________.

• A) transference of ownership of resources from private to public sector with no compensation
• B) transference of ownership from private to public sector with compensation to private owners for their losses
• C) conversion of state-owned property to privately owned property
• D) conversion of state-owned property to privately owned property with no compensation

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Definitions:

Obligor

An obligor, in a financial context, refers to the party who is legally bound, or obligated, to make a payment or fulfill a contract term to another party, the obligee.

Assignee

The person to whom contract rights are assigned.

Proper Notice

Adequate information or warning provided in advance, as required by law or agreement, to enable appropriate response or action.

Personal Services

Services provided directly to individuals based on personal skill or expertise, such as legal advice, medical treatment, or personal grooming.