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:

Question

Quizplus · Accepted Answer

Expropriation refers to the act of a government taking privately owned property to be used for a purpose deemed to be in the public interest, with compensation provided to the owner.

Assume a Foreign Nation Has Seized All of the Property