An After-Acquired Clause Requires That New Property Must Be Placed

question 47

True/False

An after-acquired clause requires that new property must be placed under the original mortgage.

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Definitions:

Engineer Designs

The process by which engineers create plans and specifications for structures, systems or products, combining scientific principles, creativity, and practicality.

Weight of Traffic

The volume of vehicles moving on a road or transportation network at a given time, which affects congestion and travel time.

Standard of Care

The level of attention, caution, and prudence reasonably expected of a professional or individual in a given situation.

Subsequent Services

Services provided after an initial service, often as a follow-up or to maintain the initial service's effect.