Which of the following statements defines a proprietorship in the middle colonies?

a proprietorship was formed when a king granted land to a group of indentured servants in exchange for their passage.

a proprietorship was formed when a king granted land to a group of colonists in exchange for their agreement to farm the land.

a proprietorship was formed when a king granted land to an individual in exchange for a share of future profits.

a proprietorship was formed when a king granted land to an individual in exchange for a sizable sum of money.

One of the following statements that defines a proprietorship in the middle colonies is that;

C. A proprietorship was formed when a king granted land to an individual in exchange for a share of future profits.  

A proprietorship is the terms that are used to describe a business that can be operated by an individual that is owned by a person/s.

A proprietorship was formed when a king granted land to an individual in exchange for a share of future profits.

Explanation:

Kings awarded territory either to an individual or to a small group rather than to a company. These men, called Lord Proprietors, were invested not only the legal private property but also a governmental authority to administer the colony.

This method was used especially at the beginning of colonization along the Atlantic coast of North America and in the Caribbean by Great Britain. Most existed through a charter, which was reviewed by the ruling monarch. A good example is the Pennsylvania Province, granted to William Penn by King Charles II of England.

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