BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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deed
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eminent domain
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Warranty
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Foreclosure
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Detailed explanation-1: -eminent domain, also called condemnation or expropriation, power of government to take private property for public use without the owner’s consent. Constitutional provisions in most countries require the payment of compensation to the owner.
Detailed explanation-2: -Land acquisition is the power of the union or a state government in India to take private land for public, and to compensate the original owners and other persons affected due to such acquisition.
Detailed explanation-3: -Eminent domain, simply put, is the State’s power to acquire private property against the consent of the owner for a ‘public purpose’. There are three commonly accepted elements to it. First, the taking should be under a valid law. Second, the land owner must be paid just compensation.
Detailed explanation-4: -ARTICLE 300-A AND DOCTRINE OF EMINENT DOMAIN Article 300-A of the Constitution merely says that no person shall be deprived of his property save by authority of law. This right of the individual is curtailed abridged or modified by the State only by exercising its legislative power.