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The Grand Bay City Council has discussed the possibility of having to take 12.5 acres of land owned by a local resident and businessman, Joe Smith, by and through an eminent domain lawsuit, in order to build a new baseball stadium for the local team, the Grand Bay Pelicans. Smith is aware of the discussions and wants to keep the property but does not want to deal with the City. As such, Smith sold the real property to Billy Byers.
1. What legal document would Smith use to transfer ownership to Byers?
2. Once Byers becomes the legal owner, define all that he owns.
3. Discuss what is meant by eminent domain and whether it would be an appropriate action by the Grand Bay City Council.
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
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Advise what tax consequences arise in respect of the payments.
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