As a business lawyer specializing in start-up businesses, your new client, Tom Terrific, has scheduled an appointment with you to discuss his legal considerations in acquiring property for his business. Tom needs equipment for his cheese store as well as a location from which to operate his business and to maintain his equipment and inventory. Having a limited amount of capital at the outset, Tom is considering financing the equipment-both for his store and perhaps his inventory-as well as p to serve as the business location. Once again, he seeks your advice on how to proceed. Specifically, Tom needs advice on the following: purchasing real estate 1. What are negotiable instruments that the lenders are requesting him to sign, and what clauses or ternis should Tom be looking at carefully and why? 2. What does it mean if Tom's lender is requiring a surety or guarantor? 3. What are mortgages and security interests that the lenders are requiring and what is the difference between the two? Under what circumstances is each used? 4. How should title to the property be held in Tom's name or in the name of the business and why? 5. What are the potential consequences to Tom and his business if he defaults on any of these loans? 6. What additional legal and business management advice do you provide Tom Terrific at this point to maximize the potential success of his business endeavor?