Final answer:
The correct answer is False. The statement regarding manufacturer's agents taking title to products to resell them is false; they are instead intermediaries who operate on a commission basis. The statement about proprietary colonies is also false, as Proprietors had various responsibilities including governance and economic development of the colony.
Step-by-step explanation:
The statement that manufacturer's agents take title to products and resell them is false. Manufacturer's agents do not take title to the goods they sell. Instead, they act as intermediaries who sell products on behalf of the manufacturers. A more accurate description of a manufacturer's agent would be an independent sales agent or representative who operates on a commission basis to facilitate the sale of a manufacturer's products without taking ownership of the goods. The true owners of the products remain the manufacturers or the producers.
Regarding the statement about proprietary colonies, it is also false that the Proprietors had no responsibilities except to collect the profits. In reality, the Proprietors of a proprietary colony were responsible for much more, including governance and administration of the colony, maintenance of order, and promotion of settlement and economic development. A corrected version of the statement would acknowledge these additional responsibilities alongside profit collection.