A blanket mortgage usually encumbers:

a. several mortgages
b. an underlying wraparound mortgage
c. several parcels of real property
d. household goods such as bedding, appliances, and other chattel belongings

Answer: c. several parcels of real property

Business

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a. true b. false

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A draft is sometimes called a revocable letter of credit

Indicate whether the statement is true or false.

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