Answer:
hmmm check my explanation
Explanation:
the word is "inheritance" :)
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.
John Hancock, who was one of the wealthiest men in America at the time inherited his business from his uncle who was a mercantile businessman. He became a merchant, statesman, and served as a president of the Second Continental Congress amongst many other positions within that included Governor of Massachusetts.
Answer:
Ceased to operate once the charter expired
Explanation: