Under the Transfer of Property Act, 1882, where a person delivers to a creditor documents of title to…
Section 58(f) of the Transfer of Property Act, 1882 defines a mortgage by deposit of title-deeds as one where a person, in a notified town, delivers to a creditor or his…
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Under the Transfer of Property Act, 1882, where a person delivers to a creditor documents of title to immovable property, with intent to create a security, the transaction is called:
Answer and explanation
Correct answer C
Section 58(f) of the Transfer of Property Act, 1882 defines a mortgage by deposit of title-deeds as one where a person, in a notified town, delivers to a creditor or his agent documents of title to immovable property with intent to create a security on it. Hence "Mortgage by deposit of title-deeds". An English mortgage, an anomalous mortgage and a charge are different transactions.
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