Question

Corporations may carry excess charitable contributions forward five years, but they may not carry them back.

A) True
B) False

Answer 1

In a proprietary colony, the Proprietors have responsibilities beyond collecting the profits.

Step-by-step explanation:

In a proprietary colony, the Proprietors have no responsibilities except to collect the profits. This statement is false.

In a proprietary colony, the Proprietors were granted land and governing rights by the English Crown. They were responsible for establishing and maintaining a functioning government, as well as protecting the colony's interests. While they did have the right to collect profits from the colony, they also had various responsibilities and obligations.