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A tenancy in partnership does not carry rights of survivorship?
1) True
2) False

1 Answer

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Final answer:

It is true that tenancy in partnership does not carry rights of survivorship; a partnership must be dissolved or reconstituted upon the exit or death of a partner. Additionally, the claim that proprietors in a proprietary colony have no responsibilities except to collect profits is false, as they are also responsible for managing and governing the colony.

Step-by-step explanation:

The statement that a tenancy in partnership does not carry rights of survivorship is true. In the context of a partnership, the rights of survivorship do not apply as they typically would in other joint tenancy situations. Instead, when one partner leaves or dies, the partnership must be dissolved or reconstituted; the business may continue, but the legal entity changes. This highlights one of the disadvantages of partnerships, where partners are not only responsible for each other's actions but also bounded by the limited lifespan of the business' structure.

Additionally, misperception about proprietary colonies exists. While it is false that proprietors in a proprietary colony have no responsibilities except to collect profits, they also have the obligation to manage and govern the colony, which can include anything from passing laws to defending the colony.

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