If Stan's land is condemned in order to build a subway system for the city, he must be given:
A) the fair market value of the property as of the time of the taking.
B) equivalent property.
C) the option of keeping the property.
D) his price for the property.

Question

Quizplus · Accepted Answer

When a property is condemned for public use, the owner must be compensated with the fair market value of the property at the time of the taking. This is in accordance with the principle of eminent domain, which allows the government to take private property for public use with fair compensation. Options B, C, and D are not requirements under eminent domain laws.

If Stan's Land Is Condemned in Order to Build a Subway