Under which of the following Sections of Transfer of Property Act provisions regarding English mortgage…
Section 58(e) defines an English mortgage: the mortgagor binds himself to repay on a certain date and transfers the property absolutely to the mortgagee, subject to a…
Choose your answer
Under which of the following Sections of Transfer of Property Act provisions regarding English mortgage is found ?
Answer and explanation
Correct answer C
Section 58(e) defines an English mortgage: the mortgagor binds himself to repay on a certain date and transfers the property absolutely to the mortgagee, subject to a proviso for re-transfer on repayment.
Section 58(a) defines mortgage itself, 58(b) simple mortgage and 58(c) mortgage by conditional sale.
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