Business 8th Edition by Marianne Jennings

Exercise 12

Jose Camilo-Torres is a cacao farmer in Guyana. For 22 years, he operated a large, successful business and sold his chocolate base product to U.S. companies such as M M\Mars and Hershey's. After a change in government, Mr. Camilo-Torres's farm is taken over by the new government's agriculture department. Mr. Camilo-Torres will operate the farm and be paid a salary, but the profits will belong to the new government. Mr. Camilo-Torres has turned to his U.S. buyers for assistance. Can anything be done? Could the government's actions be set aside in a U.S. court? What if the government's takeover is unfair and does not provide Mr. Camilo-Torres with adequate compensation? What term applies to the government's takeover of the farm?