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Topic: Order of the Crown


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In the News (Sun 16 Jun 19)

  
 CATHOLIC ENCYCLOPEDIA: Debt
Similarly, the debts of a person lately deceased must be paid by the executor or administrator in the order prescribed by law.
Then the debts of the deceased in the following order: Crown debts; debts having priority by statute; debts of record; debts by specialty and simple contract.
When a debt is barred by lapse of time, the civil authority refuses its help to enable the creditor to recover what is due to him, but the debtor is not freed in conscience; he is still under a moral obligation to pay his debt.
www.newadvent.org /cathen/04663b.htm   (891 words)

  
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