Final answer:
William Penn came into possession of land in the New World through a grant from King Charles II to settle a debt. The grant gave Penn control over land between New York and Maryland and was named Pennsylvania in honor of Penn's father.
Step-by-step explanation:
William Penn came into possession of land in the New World through a grant from King Charles II. In 1681, Charles II granted Penn a charter that gave him control over approximately 45,000 acres of land between New York and Maryland. This land became known as Pennsylvania, named in honor of Penn's late father. The grant was given to settle a debt that the English crown owed to Penn's father for his loyal service.