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VMariaS [17]
1 year ago
5

select the correct answer from each drop-down menu. 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 .
Business
1 answer:
PSYCHO15rus [73]1 year ago
4 0

The state government offered Mike $3000,000 for his family's property, which they plan to use for building a new development. The <u>Fifth Amendment</u> allows the state government to take the property as long as it is used for <u>non-profit purposes</u>. Mike can still dispute the government's offer if the compensation <u>is less than the fair market value of the land</u>.

<h3>What is the Fifth Amendment?</h3>

The Fifth Amendment is an amendment to the Constitution of the United States of America which empowers the state government to purchase properties from private individuals, provided it would be used for the development of non-profit community projects (initiatives), while paying the owner an appropriate sum of money for the property such as a land.

This ultimately implies that, the Fifth Amendment to the Constitution of the United States of America allows the state government to take a property as long as it would be used for non-profit purposes.

However, Mike can still dispute the state government’s offer if the compensation is less than the fair market value all around.

Read more on the Fifth Amendment here: brainly.com/question/9899595

#SPJ1

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