According to the Transfer of Property Act, 1882, the right of the mortgagor who repays the entire…
Section 60 gives the mortgagor the right to redeem after the principal money becomes due, on payment or tender of the mortgage money, subject to the statutory extinguishment…
Choose your answer
According to the Transfer of Property Act, 1882, the right of the mortgagor who repays the entire amount after principal money has become due is called as right of
Answer and explanation
Correct answer B
Section 60 gives the mortgagor the right to redeem after the principal money becomes due, on payment or tender of the mortgage money, subject to the statutory extinguishment conditions. Delivery of documents and reconveyance are consequences of exercising redemption, not the name of the entire right. Foreclosure is a different mortgagee remedy.
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