Question

What does the following statement mean in your own words? Creditors on either side shall meet with no lawful impediment to the recovery of the full value in sterling money of all bona fide debts heretofore contracted.

A) Creditors can't recover their debts.
B) Creditors can recover their debts in full.
C) Creditors need legal impediments.
D) Creditors need sterling money.

Answer 1

Creditors are entitled to recover the full value of legally contracted debts in sterling money without encountering any legal hindrances.

Step-by-step explanation:

The statement in question is addressing the rights of creditors to recover their debts without any legal obstacles. It implies that creditors are entitled to collect the full value of debts that were honestly incurred, and such debts are to be paid in sterling money, which is the currency of the United Kingdom. This statement is affirming the principle that debts should be honored as per the original agreement and in a currency that preserves their value.