Final answer:
The Olive Branch Petition was an attempt by American colonists to avoid war with Great Britain by assuring King George III of their desire for peace and loyalty, but it was ultimately rejected, leading to further tensions.
Step-by-step explanation:
The petition you're referring to is known as the Olive Branch Petition. During the conflicts that preceded the American Revolution, the Olive Branch Petition was a final attempt by the American colonists to avoid war with Great Britain.
Despite their desire for peace, they assured King George III of their loyalty, proposing either free trade and fair taxes or no taxes with strict trade regulations.
Even with the colonists' entitlement to rights such as 'life, liberty, and property' and their capacity to petition the king under the law of the realm, the petition was ultimately rejected by King George III, leading to a proclamation on August 23 declaring the colonies in open and avowed rebellion. Thus, it cemented the path towards independence.