Calley Realty Resources, Inc., a Delaware corporation, has a…

Calley Realty Resources, Inc., a Delaware corporation, has a strong cash flow and is well capitalized, together with an exceptionally strong balance sheet (consisting of actual assets, as opposed to accounting outcomes and devices). Calley’s strongest property is Congress Corners, a luxury residential community. As part of the total collateral package BancZiegler includes in its Lending Agreement a promise by Calley that it will not encumber Congress to a third party without BancZiegler’s advance written consent. That promise is a type of: (Select one answer only.)

Frank Toconi is interested in Lee Package Transportation Ser…

Frank Toconi is interested in Lee Package Transportation Services, Inc.’s franchising and operating/marketing programs. Toconi has many years of direct experience as a services-provider franchisee, and owns and operates units with 11 different franchisors. Toconi customarily uses Morton General Contractors to build his local offices, store-fronts, and warehouse/maintenance shops. Toconi travels to Miami meet with Lee Package’s franchising executives, and brings his business and tax lawyers to that meeting. The meeting is quite intense and lasts for a full business week, but when it concludes, Toconi has entered into a  _____________________  Agreement with Lee to subfranchise stores in seven east coast states. Toconi’s pro forma (which is based on substantiated data) shows his Lee-related operation becoming profitable in only three years. (Select one answer only.)

Hamilton Florida Properties, Inc., a New York corporation, h…

Hamilton Florida Properties, Inc., a New York corporation, has amassed 1,776 acres which straddle three western Florida counties. Due to the massive size of the parcel, and the close location of I-75 and I-4 to the property, Hamilton Florida is developing that tract as a retail/restaurant “power center”, with the intent of attracting a large variety of national retailers and restaurants, hotels, entertainment facilities, and “big box” tenants. None of the three counties where the total property is located have the sole authority to approve or supervise the entirety of Hamilton’s development. Hamilton will, then, have to develop its “power center” as a _____________________, working with the Western Florida Regional Planning Council. (Select one answer only.)