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They traded goods.
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∙ 13y ago
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Why did Parliament raise taxes on the colonies after the French and Indian War-?
To pay war debts and keep the colonies safe
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 problems did Moses Austin have in the year 1820 with his travel?
He was in jail for part of that year for non payment of his debts.
What was the first attempt by the British to raise money in the colonies to pay for their war debts?
The Stamp Act.
What was the main purpose of the taxes Britain put on the colonies?
to pay off the French and Indian war debts?
What colonies were given in payment of debts?
New Jersey and Pennsylvania
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.
Is the money that a creditor must by law accept in payment of debts?
Legal Tender.
Why did Parliament raise taxes on the colonies after the French and Indian War-?
To pay war debts and keep the colonies safe
What were pieces of land given to knights as payment called?
Pieces of land given to knights as payment were called fiefs.
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 is an estate administrator?
Someone who handles the estate for payment of the decedent's debts and distribution to the heirs.
What is money that has value because the government has established it as acceptable for payment of debts?
representive money.
What were debts paid with in Massachusetts?
They would take their land as a form of payment a+ gold and silver
What is the name given to phobia of debts?
What is the name given to the fear of financial debt?
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.
