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Section 73 of the Transfer of Property Act, 1882 which deals with the right to proceeds of revenue sale…

Section 73 of the Transfer of Property Act, 1882 gives the mortgagee a right to be paid from the surplus proceeds where the mortgaged property is sold for arrears of…

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Section 73 of the Transfer of Property Act, 1882 which deals with the right to proceeds of revenue sale or compensation on acquisition is based on:

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Correct answer D

Section 73 of the Transfer of Property Act, 1882 gives the mortgagee a right to be paid from the surplus proceeds where the mortgaged property is sold for arrears of revenue, or from the compensation where it is acquired, so the money takes the place of the property as his security. This is the "Doctrine of substituted security". Contribution and marshalling govern claims between several mortgagees or properties, and election concerns a person who must choose between a benefit and his own property.

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