Question

Because if they do, they could be releasing all parties from any claim that the brokerage may have had for commission or other remuneration. However, it is important to note that the brokerage would still be required to disburse the deposit as directed.

A) True
B) False

Answer 1

The statement that Proprietors in a proprietary colony only had the responsibility to collect the profits is false. Proprietors also had significant other responsibilities, including governance and maintaining the colony's welfare.

Step-by-step explanation:

In a proprietary colony, the statement that Proprietors have no responsibilities except to collect the profits is false. Proprietors not only collected profits but also held responsibilities such as maintaining the colony's government, appointing officials, and ensuring the colony's defense and well-being. They played a crucial role in the management and development of the colony. Therefore, it is incorrect to suggest that proprietors only collected profits without shouldering any other responsibilities.