Missed Flashcards

1
Q

Abatement of public nuisance

A

an exercise of police power whereby gov does not have to offer property owner just compensation before taking property so long as owner has proper notice and time to be heard

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2
Q

Not public purposes, private gain

A

increasing revenue, economic development, increasing jobs,

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3
Q

Who determines just compensation

A

Ct appoints condemnatio jurors who determine issue of just compensation in accordance w procedures prescribed by condemning authority,…

Must be sworn and determine the issue of just compensation at a hearing set for it

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4
Q

Fair market value: lost profits

A

fair mrkt value is determined at time of taking and can include lost profits if determined to a reasonable certainty of the net income for up to 3yrs prior to the valuation date

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5
Q

Lost profits must result from

A

inability to relocate the biz in a reasonable way and may not be duplicated in the compensation otherwise awarded

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