Section 73 of the Transfer of Property Act, 1882 which deals with the right to proceeds for revenue…
Section 73 gives the mortgagee a claim for the mortgage-money out of acquisition "compensation" or qualifying surplus sale proceeds. The substitute fund takes the place of…
Choose your answer
Section 73 of the Transfer of Property Act, 1882 which deals with the right to proceeds for revenue compensation is based on
Answer and explanation
Correct answer D
Section 73 gives the mortgagee a claim for the mortgage-money out of acquisition "compensation" or qualifying surplus sale proceeds. The substitute fund takes the place of the mortgaged property; this is distinct from contribution among properties.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision