1. Castranova V

Castranova V refers to a case decided by the U.S. Supreme Court in 2002 regarding property rights and regulatory takings. It established that if the government restricts the use of private property so severely that it effectively takes away its value, the property owner may be entitled to compensation. This case emphasizes the balance between governmental regulation for public good and the protection of individual property rights, highlighting how laws can impact ownership and usage of land. Understanding this case is crucial for grasping the complexities of property law and governmental power.