Examlex
Assume a customer is dissatisfied with a product purchased in a highly competitive market and there are low switching costs. How vulnerable is the company to defection by this customer?
Eminent Domain
The power of a government to take land for public use from private citizens for just compensation.
Just Compensation
The fair payment required to be made to an individual when their property is taken for public use, as guaranteed by the Constitution.
Zoning Rights
Legal permissions dictating the use of land in specific areas according to designated categories such as residential, commercial, or industrial.
Real Property
Land and anything permanently attached to it, such as buildings or trees.
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