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In a simple mortgage, possession of the mortgaged property

Section 58(b) of the Transfer of Property Act makes a simple mortgage without delivery of possession. The mortgagor personally undertakes repayment and gives the mortgagee a…

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In a simple mortgage, possession of the mortgaged property

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Correct answer C

Section 58(b) of the Transfer of Property Act makes a simple mortgage without delivery of possession. The mortgagor personally undertakes repayment and gives the mortgagee a right to seek sale on default. Possession-based enjoyment of rents by the mortgagee instead characterises a usufructuary mortgage under section 58(d).

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