1. A _________ is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with predetermined set of payments.

1. Lien
2. Chose In Action
3. Mortgage
4. Land title

2. A trade secret includes:

1. Sales, distribution methods
2. Customer or supplier profiles, lists
3. Secret ingredients, formulas
4. All of the above

2. When a business is bought or sold, a/an ______will need to be written and signed.

1. Business transfer
2. Agreement of purchase and sale
3. Business assignment
4. None of the above

3. First think you need to do when you want to sell a business:

1. Is to determine its value
2. Know whether you are buying its assets or corporate shares
3. A and B
4. None of the above