Under the Takings Clause,a "Taking

question 84

Multiple Choice

Under the Takings Clause,a "taking":

• A)occurs when the government uses formal eminent domain procedures to condemn private property.
• B)can only be of land,and not of other kinds of property.
• C)cannot occur through government regulation that merely diminishes the value of private property.
• D)cannot occur by simply an invasion of private property.

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Definitions:

Average Daily Receipts

The average amount of cash that a business receives on a daily basis, calculated over a specific period.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.

Clearing Times

The time period it takes for a financial transaction to be processed and settled.

Lockbox System

A service offered by banks to companies for the collection of payments from customers, where the payments are sent directly to a post office box rather than to the company.