Question

The brokerage is released from all liabilities, obligations, claims, and monies arising from the agreement of purchase and sale.

A) True
B) False

Answer 1

In a proprietary colony, Proprietors had several responsibilities beyond just collecting profits, including management and governance of the colony, making the statement false.

Step-by-step explanation:

The question is addressing the nature of responsibilities held by Proprietors in a proprietary colony. The correct answer is False; Proprietors had more responsibilities than merely collecting profits.

They also had to manage the colony, which included maintaining order, overseeing trade and commerce, and managing relations with Indigenous peoples and other colonies. In addition, they were often responsible for ensuring the colony's defense and governance. Therefore, the statement that Proprietors only needed to collect profits is inaccurate.