Section: Error Recognition

4) Select the underlined section that contains an error:

Not agreeing to sell his assets and eventually is phasing out his construction company, John will attempt to keep things going until the bank floats another loan.

1. Not agreeing to sell
2. is phasing
3. will attempt
4. things going

This should read PHASING, to keep it as a parallel structure with NOT AGREEING. It is a participle, not a verb tense.