Under the Transfer of Property Act, 1882, the doctrine of subrogation applies to: -
Section 92 grants qualifying redeemers the mortgagee's "same rights" concerning redemption, foreclosure or sale. This substitution concerns mortgage security, rather than…
Choose your answer
Under the Transfer of Property Act, 1882, the doctrine of subrogation applies to: -
Answer and explanation
Correct answer B
Section 92 grants qualifying redeemers the mortgagee's "same rights" concerning redemption, foreclosure or sale. This substitution concerns mortgage security, rather than creating a comparable doctrine for every gift or lease.
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