When sharecroppers couldnÃ?t pay their debt, they were often forced to grow crops just for selling, to pay back debt. For instance, they would have to grow cotton, instead of crops that were edible.
they couldnt pay off their company debts
it won't happen if the country you owe money to is the U.S.A. Other countries have different laws and could do something wierd like that.
You have to pay your debts...the other persons bankruptcy isn't really relevant...YOU HAVE TO PAY PEOPLE YOUR DEBTS...FIND A WAY TO DO SO. You can't afford other things....your debts you MUST afford.
They traded goods.
debts
They would be indebted to the landowners. They would have to find other ways to pay for the debts or be stuck to the land until it was paid off.
They would be indebted to the landowners. They would have to find other ways to pay for the debts or be stuck to the land until it was paid off.
They would be indebted to the landowners. They would have to find other ways to pay for the debts or be stuck to the land until it was paid off.
They would be indebted to the landowners. They would have to find other ways to pay for the debts or be stuck to the land until it was paid off.
They had no choice about continuing to work.
they couldnt pay off their company debts
They had no choice about continuing to work.
By force. Some were indentured servants, some poor who were brought in to work, some were enslaved to pay off other debts, etc. Any more specifics you have on this will help a better answer.
They did not have enough money to pay for supplies from the company store.
They did not have enough money to pay for supplies from the company store.
It depends on what she has stated in her will. If there is no will, then the government will look into the case and decide who inherits what. If the mother had debts to pay, then the bank can legally take possession of the property to sell in order to pay off the debts.
The prudence concept assumes that the worst can happen and tries to account for it in the accounts. The provision for doubtful debts is an estimated percentage of debtors that are not expected to pay during the year. All the debtors may pay up during the year, meaning that the provision for doubtful debts was unnecessary, but it still lets the companies account for any possible bad debts during the year.