In which one of the following Sections of the Transfer of Property Act, the doctrine of consolidation…
Section 61 governs separate or simultaneous redemption of multiple mortgages to the same mortgagee. In the absence of a contrary contract, the mortgagor may redeem a due…
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In which one of the following Sections of the Transfer of Property Act, the doctrine of consolidation is incorporated?
Answer and explanation
Correct answer B
Section 61 governs separate or simultaneous redemption of multiple mortgages to the same mortgagee. In the absence of a contrary contract, the mortgagor may redeem a due mortgage separately or multiple due mortgages together. It is the provision associated with consolidation, but the Indian statutory default restricts rather than unconditionally enforces the English consolidation rule.
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