Under the Transfer of Property Act, 1882, a mortgagor in possession of mortgaged property is not liable…
Under s.66 of the Transfer of Property Act, 1882, a mortgagor in lawful possession is not liable to the mortgagee for the normal deterioration of the mortgaged property,…
Choose your answer
Under the Transfer of Property Act, 1882, a mortgagor in possession of mortgaged property is not liable to a mortgagee
Answer and explanation
Correct answer C
Under s.66 of the Transfer of Property Act, 1882, a mortgagor in lawful possession is not liable to the mortgagee for the normal deterioration of the mortgaged property, though he must not commit destructive acts that render the security insufficient.
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