Author Question: The first English bankruptcy law was passed in 1570 in response to A) King Henry VIII's wishes ... (Read 76 times)

waynest · **on:** Aug 3, 2018

The first English bankruptcy law was passed in 1570 in response to

A) King Henry VIII's wishes
B) An outcry from the banks
C) The overcrowding of debtors' prisons
D) The overcrowding of debtors' prisons and public demand

Question 2

How can taxation based on real estate values impact real property rights?

What will be an ideal response?

Liamb2179 · **Reply #1 on:** Aug 3, 2018

Answer to Question 1

C

Answer to Question 2

The manner and process of assessment can result in unfair treatment to property owners when there is no accounting for the condition of any particular parcel. For people on fixed incomes, real estate taxes can become a financial burden. High taxes can also render a community unaffordable and consequently, undesirable. High taxes can negatively impact property values.