Soleful Shoes,Inc

question 67

Multiple Choice

Soleful Shoes,Inc.owns property in Somalia.The Somalian government seizes the property.In order for the seizure to be considered an expropriation and not a confiscation,the Somalian government must

• A)pay just compensation to Soleful Shoes.
• B)give Soleful Shoes at least thirty days notice of the seizure.
• C)give Soleful Shoes at least ninety days notice of the seizure.
• D)notify the U.S.government before the seizure.

---

Definitions:

Checks

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Void

Having no legal force or effect; not legally binding or enforceable.

Holder in Due Course

A legal term in commercial law for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Instrument

A formal document, such as a contract, will, or legal filing, that records and formalizes rights, obligations, or transactions.