Had the Government Taken Over (With Compensation)the Assets of Global

question 5

Multiple Choice

Had the government taken over (with compensation) the assets of Global Trading but not those of any other company,the government's actions would be an example of ________.

• A) expropriation
• B) nationalization
• C) confiscation
• D) communism

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Definitions:

Antilapse Clause

In an insurance policy, a clause which states that the insured has a grace period in which to make an overdue payment.

Appraisal

An expert estimation of the value of property, typically real estate, art, or jewelry, often for the purpose of taxation, sale, or insurance.

Arbitration Clauses

Arbitration clauses are provisions in a contract that require the parties to resolve disputes through arbitration rather than through litigation in court.

Federal Law

Laws created and enforced by the federal government of a country, as opposed to state, local, or international laws.