Under the Transfer of Property Act, 1882, which of these mortgage types can give the mortgagee a right…

Section 67 permits foreclosure for a mortgage by conditional sale among these mortgage types, subject to the statutory conditions.

Choose your answer

Under the Transfer of Property Act, 1882, which of these mortgage types can give the mortgagee a right of foreclosure?

Answer and explanation

Correct answer B

Section 67 permits foreclosure for a mortgage by conditional sale among these mortgage types, subject to the statutory conditions.

Option A

An English mortgage does not fall within the section 67 exception permitting foreclosure.

Option B

A mortgagee by conditional sale falls within the statutory foreclosure exception.

Option C

A simple mortgage gives a right to seek sale and does not give a right to foreclose.

Option D

A mortgage by deposit of title deeds does not fall within the foreclosure exception.