A city condemns a portion of an owner's property for an airport. The owner will be able to use the remaining portion of the lot. Is the owner eligible for compensation on the condemned portion?
A. Yes, the city is rezoning the area for the higher use.
B. Yes, the city is exercising it's power of eminent domain.
C. No, the owner can still use the remaining portion of the property.
D. No, the city is exercising it's police power
Answer: B. Yes, the city is exercising it's power of eminent domain.
Business
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1 year ago $1 would buy 6.5 pesos. Today $1 buys 7.5 pesos. If the US had an inflation rate of 3%, calculate Mexico's inflation rate
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Business