

MCQOPTIONS
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1. |
Which of the following statements is not true about the dragnet clause? |
A. | It is one specifically phrased to subsume all debts of past or future origins. |
B. | It operates as a convenience and accommodation to the borrowers as it makes available additional funds without executing additional security documents. |
C. | It is also known as the blanket mortgage clause |
D. | It is different from a continuing mortgage clause. |
Answer» E. | |