PrepTest 86, Section 3, Question 9
Legal doctrine: The government cannot appropriate private property without offering fair compensation to the property owner.
Legal doctrine: The government cannot appropriate private property without offering fair compensation to the property owner.
Application: If the government institutes a regulation that blocks construction on undeveloped private lots on the shore of Lake Crowell—thereby diminishing their market value—it must offer fair compensation to the owners of that property.
Legal doctrine: The government cannot appropriate private property without offering fair compensation to the property owner.
Application: If the government institutes a regulation that blocks construction on undeveloped private lots on the shore of Lake Crowell—thereby diminishing their market value—it must offer fair compensation to the owners of that property.
Legal doctrine: The government cannot appropriate private property without offering fair compensation to the property owner.
Which one of the following principles, if valid, most justifies the above application of the legal doctrine?
A government should not implement a regulation on lakeside property that it would not implement on other types of property.
Governments must balance the rights of private property holders with the rights of those who value undeveloped wilderness environments.
Regulations that significantly diminish the economic value of a piece of property constitute an appropriation of that property.
Owners of private property are alone responsible for the economic risks associated with government regulations that affect the use of that property.
A government can appropriate private property only if it is in response to a compelling public interest.
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