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:

Question

Quizplus · Accepted Answer

Expropriation is the act of a government or other authority taking property from an individual or corporation for public use, with compensation. Confiscation, on the other hand, is the act of taking property without compensation. Force majeure refers to events that are outside of human control, such as natural disasters. Eminent domain is the right of a government to take private property for public use, but requires just compensation and a public purpose. Given the facts provided, expropriation is the most fitting description of the seizure of the American corporation's property by the foreign nation.

Assume a Foreign Nation Has Seized All of the Property