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What right does Section 62 of the Transfer of Property Act, 1882 give a usufructuary mortgagor when its…

Section 62 provides for recovery of possession by a usufructuary mortgagor when the mortgage-money has been paid out of rents and profits, or when the balance is paid,…

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What right does Section 62 of the Transfer of Property Act, 1882 give a usufructuary mortgagor when its conditions are met?

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Answer and explanation

Correct answer C

Section 62 provides for recovery of possession by a usufructuary mortgagor when the mortgage-money has been paid out of rents and profits, or when the balance is paid, tendered or deposited in the circumstances the provision specifies.

Option feedback

Option A

Incorrect. Section 56 deals with marshalling by a subsequent purchaser.

Option B

Incorrect. Section 60A concerns transfer to a third party instead of retransfer to the mortgagor.

Option C

Correct. Section 62 gives the usufructuary mortgagor a right to recover possession when its conditions are met.

Option D

Incorrect. Section 81 addresses marshalling by a subsequent mortgagee.

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