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The Transfer of Property Act, 1882 deals with waiver of forfeiture in its chapter on leases. In which…

Section 112 addresses waiver of forfeiture of a lease. Section 92 addresses mortgage subrogation, under which a qualifying person who redeems the mortgage in full may…

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The Transfer of Property Act, 1882 deals with waiver of forfeiture in its chapter on leases. In which of the following contexts does the Act deal with subrogation?

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Answer and explanation

Correct answer B

Section 112 addresses waiver of forfeiture of a lease. Section 92 addresses mortgage subrogation, under which a qualifying person who redeems the mortgage in full may exercise the specified rights of the redeemed mortgagee.

Option feedback

Option A

Section 44 addresses a transfer by a co-owner. The subrogation provision concerns redemption of a mortgage.

Option B

Section 92 gives specified persons who redeem a mortgage rights corresponding to those of the redeemed mortgagee.

Option C

Section 118 defines exchange. It does not supply the right described in section 92.

Option D

Section 122 defines a gift. It does not supply the right described in section 92.

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