Question: Four friends plan to form a corporation for purposes of constructing a shopping center. Charlie will be contributing the land for the project and wants

Four friends plan to form a corporation for purposes of constructing a shopping center. Charlie will be contributing the land for the project and wants more security than shareholder status provides. He is contemplating two possibilities: receive corporate bonds for his land or take out mortgage on the land before transferring it to the corporation. Comment on the choices Charlie is considering and make an argument for the one you would recommend.

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