Final answer:
The fiduciary duty of a bank trust organization is to the beneficiaries, not exclusively to the bank's shareholders. The Panic of 1819 decreased faith in the Second Bank, and Proprietors in a proprietary colony had multiple responsibilities, not just to collect profits. Additionally, the Trustee system was not advised by a royal governor from Savannah.
Step-by-step explanation:
The question about whether a bank trust organization has an exclusive duty of loyalty to the shareholders of the bank is false. A bank trust, as a fiduciary, owes a duty of loyalty to the beneficiaries of the trust, which may include, but is not limited to, the bank's shareholders.
Regarding the historical context, the statement that the Panic of 1819 increased American people's faith in the Second Bank of the United States is also false. The Panic of 1819 actually led to a mistrust in the Second Bank due to its role in tightening credit in response to inflation, which contributed to the panic and the subsequent economic depression.
For the question on the responsibilities of the Proprietors in a proprietary colony, the correct answer is false. This is because the Proprietors had several responsibilities beyond just collecting profits, such as administering the colony and ensuring its defense and governance.
The statement that the Trustee system was advised by a royal governor who lived in Savannah is false. Trustees were individuals or appointed boards that held responsibility for the colony, but they were not Royal Governors, and Savannah was the city where the Trustees' office was located.