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Under the Transfer of Property Act, 1882, the remedy of 'foreclosure' is available under which one of…

Section 67 permits foreclosure by a mortgagee by conditional sale, and by an anomalous mortgagee where the terms authorize foreclosure. Foreclosure finally bars the…

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Under the Transfer of Property Act, 1882, the remedy of 'foreclosure' is available under which one of the following mortgages?

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Correct answer A

Section 67 permits foreclosure by a mortgagee by conditional sale, and by an anomalous mortgagee where the terms authorize foreclosure. Foreclosure finally bars the mortgagor from redeeming. A simple or English mortgage ordinarily supports sale rather than foreclosure; a usufructuary mortgagee as such cannot seek foreclosure or sale. Only mortgage by conditional sale fits the listed alternatives.

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