Unfair "Just Compensation": Reforming Eminent Domain Law for Small Business

Small businesses are subject to large losses as a result of the "Just Compensation" article of the Fifth Amendment. The law traditionally refers to compensation for losses in physical property, but that doesn't help financial losses when a company must close because of "Eminent D...

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Bibliographic Details
Published in:Journal of small business management 1989-10, Vol.27 (4), p.17
Main Authors: Gomes, Glenn M, Morgan, James F
Format: Article
Language:English
Subjects:
Eminent domain
Small business
State court decisions
Online Access:Get full text
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Summary:Small businesses are subject to large losses as a result of the "Just Compensation" article of the Fifth Amendment. The law traditionally refers to compensation for losses in physical property, but that doesn't help financial losses when a company must close because of "Eminent Domain." Recent rulings make this more equitable.
ISSN:0047-2778
1540-627X