According to the Transfer of Property Act, 1882, the mortgagor’s right to redeem the mortgaged property…
Section 60 gives the mortgagor the right to redeem after the principal money has become due, on the prescribed payment or tender. A mere wish to redeem immediately after…
Choose your answer
According to the Transfer of Property Act, 1882, the mortgagor’s right to redeem the mortgaged property accrues:
Answer and explanation
Correct answer B
Section 60 gives the mortgagor the right to redeem after the principal money has become due, on the prescribed payment or tender. A mere wish to redeem immediately after creation does not displace the due-date rule. The right continues unless extinguished by the legally recognised means.
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