Question
The city has offered to purchase your house for $200,000, because they want to expand a city park that is right next to your house.You
The city has offered to purchase your house for $200,000, because they want to expand a city park that is right next to your house.You do not want to sell to the city, and besides, you think the house is really worth $300,000.
a.The city is out of luck.
b.The city can force you to sell for $200,000, under the power of eminent domain.
c.The city can force you to sell for $200,000, under the power of foreclosure.
d.The city can force you to sell for $200,000, under the power of judicial review.
e.The city can force you sell, but you have the right to a trial to establish the fair market value of the property.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
