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 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.

Assume a Foreign Nation Has Seized All of the Property