Assume a foreign nation has seized all of the property of an American corporation. The foreign nation has assumed ownership of the property for a public purpose and has paid the American corporation what it believes to be fair compensation. Under these facts, the seizure of property is best described as:
A) expropriation.
B) confiscation.
C) force majeure.
D) eminent domain.
A
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Which is a possible penalty for mortgage fraud?
A. Up to $1 million fine and or imprisonment for up to 30 years. B. Highway trash pick up. C. Loss of property obtained by fraud. D. A fine equal to the amount of the fraudulent profit realized.
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A double indemnity clause provides for a payment of twice the policy amount in the event that
the death of the insured is due to an accident. Indicate whether the statement is true or false
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