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

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01-05-2018
Business

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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

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Erudite1 Erudite1 · Answer 1 · 2018-05-01T09:59:22+02:00

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.

deebikamadhivanan deebikamadhivanan · Answer 2 · 2022-05-04T08:58:45+02:00

The three spaces hold the answers of the fill-ins as the fifth amendment, non-profit purposes, and less than the fair market value of the land as the correct answers.

What is Mike's situation regarding his family's property?

Mike's family was offered $300,000 for their property, which they want to utilize to build a new development.

The fifth "(5th) amendment" empowers the state government to seize property as long as it is used for "Non-profit purposes."

Mike can still contest the government's offer if the compensation is "less than the land's fair market."

The fifth amendment states that the government may purchase land from private individuals in order to develop non-profit community initiatives, but the government must pay the appropriate amount for the land.

Check out the link below to know more about the fifth amendment;

https://brainly.com/question/9899595?referrer=searchResults

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