According to Modern Interpretation of the Principle of Eminent Domain

question 21

Multiple Choice

According to modern interpretation of the principle of eminent domain, the U.S.Constitution

• A)prohibits most public agencies from taking property from its citizens.
• B)permits most public agencies to take property from private citizens without compensation.
• C)requires public agencies to justly compensate for property taken from private citizens.
• D)allows state and local governments-but not the national government-to seize property for public purposes (with compensation).
• E)allows the national government-but not state and local governments-to seize property for public purposes (with compensation).

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Definitions:

Model Business Corporation Act

A model set of laws prepared by legal experts to guide states in developing their corporate statutes.

Preincorporation Subscription

An agreement by an individual to purchase shares in a corporation that has yet to be formed.

Six-Month

Relating to or denoting a period or term of six months, often used in the context of time-specific agreements or conditions.

Debentures

A type of debt instrument not secured by physical assets or collateral but backed only by the general creditworthiness and reputation of the issuer.