Final answer:
The statement that an agent should not commingle funds with the principal's to protect the duty to account is true. The idea that proprietors in proprietary colonies had no responsibilities other than to profit is false, as they had multiple administrative duties. It is true that colonists were more concerned with the application and representation regarding taxation than with the principle of taxation itself. The correct option is A.
Step-by-step explanation:
An agent should not commingle the principal's funds with his or her own to protect the duty to account. The statement is true. It is essential for agents to maintain separation of funds to uphold their fiduciary responsibilities and to ensure that the financial transactions and interests of the principal are clearly and accurately represented. This practice is a fundamental principle in agency law, reinforcing trust and accountability in the agent-principal relationship.
In the context of proprietary colonies, the statement that Proprietors have no responsibilities except to collect the profits is false. Proprietors in such colonies had various managerial and administrative responsibilities, such as overseeing the colony's governance, laws, and defenses, as well as promoting settlement and economic development.
Regarding the colonists' views on taxation, it is true that they did not necessarily object to the principle of taxation itself but were concerned with how the tax money would be applied. They wanted to ensure that their interests were represented and that taxes were levied with their consent through their own legislative assemblies.
Hence, Option A is correct.