Asked by Autumn Lewis on May 21, 2024
Verified
Assume a foreign nation has seized all of the property of an American corporation. The 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.
Expropriation
The act of a government taking privately owned property to be used for public purposes, usually with compensation to the owner.
Public Purpose
Concise definition: The rationale behind legislative actions or government spending which must benefit the public at large, rather than specific individuals or groups.
Fair Compensation
Equitable financial remuneration offered for work performed or damages incurred, intended to justly reflect the value of the labor provided or the loss suffered.
- Identify and explain the concepts of expropriation and confiscation in the context of international law.
Verified Answer
TS
Taylor SharpMay 24, 2024
Final Answer :
A
Explanation :
Expropriation refers to the act of a government taking privately owned property to be used for a public purpose, often with compensation provided to the original owners. In this scenario, the foreign nation's actions align with the definition of expropriation, as it has seized property for a public purpose and compensated the American corporation.
Learning Objectives
- Identify and explain the concepts of expropriation and confiscation in the context of international law.