What is ADEQUATE COMPENSATION? Definition of ADEQUATE COMPENSATION in Black's Law Dictionary
Just value of property taken under power of eminent domain, payable in money. Buffalo, etc., R. Co. v. Ferris, 26 Tex. 588. Market value of property when taken. Louisiana Highway Commission v. Guidry, 176 La. 389, 146 So. 1, 5. It includes interest. Texarkana & Ft. S. Ry. Co. v. Brinkman, Tex.Civ. App., 288 S.W. 852, 853. It may include the cost or value of the property to the owner for the purposes for which he designed it. Elbert County v. Brown, 16 Ga.App. 834, 86 S.E. 651, 656.
Such only as puts injured party in as good a condition as he would have been in if injury had not been inflicted. Town of Winchester v. Cox, 129 Conn. 106, 26 A.2d 592, 597.
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That's the definition of ADEQUATE COMPENSATION in Black's Law Dictionary - Courtesy of Cekhukum.com.
