Second mortgage by the mortgagor is called
Question and options
Second mortgage by the mortgagor is called
- Puisne Mortgage
- English Mortgage
- Usufructuary Mortgage
- None of the given options is correct
Answer and explanation
Correct answer: A - Puisne Mortgage
A second or subsequent mortgage of the same property is called a puisne mortgage. English and usufructuary mortgages are kinds of mortgage defined in Section 58 TPA, not terms for a second mortgage.
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