The state government offered Mike $300,000 for his family’s property, which they plan to use for building a new development. The

Question

2 years ago

5

The state government offered Mike $300,000 for his family’s property, which they plan to use for building a new development. The

allows the state government to take the property as long as it is used . Mike can still dispute the government’s offer if the compensation .
there are 3 spaces and I'm stuck on this question

Business

2 answers:

Anika [276] · Answer 1 · 2023-07-03T23:28:06+03:00

Anika [276]2 years ago

8 0

the first answer is 5th amendment
the second answer is non-profit
the third answer is less than fair market

Anton [14] · Answer 2 · 2023-07-03T22:20:06+03:00

The correct sentence is given below:
The state government offered Mike $3000,000 for his family's property, which they plan to use for building a new development. THE FIFTH AMENDMENT allows the state government to take the property as long as it is used for NON PROFIT PURPOSES. Mike can still dispute the government's offer if the compensation IS LESS THAN THE FAIR MARKET VALUE OF THE LAND.
The fifth amendment provides that government can buy land from private individuals to build community projects that are non profitable in nature, but the government has to pay the right amount of money for the land.