Fundamental Principles of Taxation Quiz
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Questions and Answers

Which of the following is an inherent power of the State in taxation?

  • Power of Expropriation
  • Power of Seizure
  • Power of Confiscation
  • Power of Eminent Domain (correct)

    • What is the nature of the Power of Eminent Domain?

  • A legal privilege
  • A constitutional right
  • An attribute of sovereignty (correct)
  • A fundamental principle

    • What is the basis for the Power of Eminent Domain?

  • Inherent power of the State
  • Observance of due process
  • Private ownership of property
  • Genuine necessity of a public character (correct)

    • Which of the following is NOT an essential requisite for the Power of Eminent Domain?

    <p>Observance of Due Process</p> Signup and view all the answers

    What is the inherent power of the State to enact laws, statutes, orders, and ordinances called?

    <p>Police Power of the State</p> Signup and view all the answers

    Which of the following is an attribute of sovereignty?

    <p>Inherent power of the State to take private property</p> Signup and view all the answers

    What is the basis for the Power of Eminent Domain?

    <p>Genuine necessity of public character</p> Signup and view all the answers

    Which of the following is NOT an essential requisite for the Power of Eminent Domain?

    <p>Payment of just compensation</p> Signup and view all the answers

    What is the inherent power of the State to enact laws, statutes, orders, and ordinances called?

    <p>Police power</p> Signup and view all the answers

    What is an attribute of sovereignty?

    <p>Inherent power of the State to enact laws</p> Signup and view all the answers

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