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Under the Transfer of Property Act, 1882, which of the following statements is correct?

Section 60 of the TPA gives the mortgagor the right to redeem on payment of the mortgage-money. The right of foreclosure belongs to the mortgagee under section 67, and…

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Under the Transfer of Property Act, 1882, which of the following statements is correct?

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Correct answer A

Section 60 of the TPA gives the mortgagor the right to redeem on payment of the mortgage-money. The right of foreclosure belongs to the mortgagee under section 67, and section 67(a) does not authorise a usufructuary mortgagee to sue for foreclosure.

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