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What subject does section 56 of the Transfer of Property Act, 1882 deal with?

Section 56 lets a qualifying purchaser ask that a common mortgage debt be met first out of properties not sold to the purchaser, subject to statutory protections. Section 57…

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What subject does section 56 of the Transfer of Property Act, 1882 deal with?

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Answer and explanation

Correct answer A

Section 56 lets a qualifying purchaser ask that a common mortgage debt be met first out of properties not sold to the purchaser, subject to statutory protections. Section 57 deals with provision by the court for encumbrances and sale freed from them.

Option feedback

Option A

Section 56 lets a qualifying purchaser ask that a common mortgage debt be met first out of properties not sold to the purchaser, subject to statutory protections.

Option B

Section 54 defines a contract for sale.

Option C

Section 57 deals with provision by the court for encumbrances and sale freed from them.

Option D

Section 126 deals with when a gift may be suspended or revoked.

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