[Solved] Which of the following statements is not true about the dragnet clause?

Q.	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» D. It is different from a continuing mortgage clause.

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