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How did Hamilton think that federal payment of state debts would influence the state?
by making a bank
How and why did British Imperial policies change after 1763?
Britain changed its salutary neglect approach toward the colonies because of the debt they had incurred as a result of the French and Indian War. Many in Parliament believed the colonists hadn't paid their fair share of the war costs. As a result, they levied a series of taxes on the colonies, hoping to ease their financial burden.
An indentured servant brought to Jamestown and other colonies was given freedom once what?
Once the servant worked for the full length of their contract.
What was one reason William Penn was given land in the middle colonies?
The king owed him money. To allow Quakers to escape persecution in England.
What was the federalist view on the assumption of state debts?
The view was that the Federal Government should pay off the states' war debts.
What were the colonies given in payment of debts?
They traded goods.
Why Banks are institutions whose debts are accepted as payment of other people'liabilities?
Why Banks are institutions whose debts are accepted as payment of other people'liabilities?
Do Australia and Canada have laws relating to late payment of commercial debts?
Yes, however, they are not as well defined as the Late Payment of Commercial Debts act of 1998 passed in the United Kingdom.
Why did Parliament raise taxes on the colonies after the French and Indian War-?
To pay war debts and keep the colonies safe
Is the money that a creditor must by law accept in payment of debts?
Legal Tender.
What were pieces of land given to knights as payment called?
Pieces of land given to knights as payment were called fiefs.
What is the name given to phobia of debts?
What is the name given to the fear of financial debt?
How would you define money?
Money is any medium that is universally accepted in an economy by sellers of goods and services as payment and by creditors as payment for debts.
What were debts paid with in Massachusetts?
They would take their land as a form of payment a+ gold and silver
What is money that has value because the government has established it as acceptable for payment of debts?
representive money.
What is an estate administrator?
Someone who handles the estate for payment of the decedent's debts and distribution to the heirs.
Are joint executors liable for any debts unpaid from the estate?
The executors are responsible for the payment of the debts according to the payment scheme required by state law, however, if they do their jobs properly only the estate is responsible for the debts of the deceased. You need to be careful when there are debts and not enough money to pay them all. Certain creditors have the legal right to be paid first and the debts must be paid before any property is distributed to the heirs. You should seek the advice of an attorney who specializes in probate.If there are no assets in the estate to pay debts the creditors are out of luck.
