Where immovable property of one person is, by an act of parties or operation of law, made security for…
Under section 100 of the Transfer of Property Act, where immovable property of one person is, by act of parties or operation of law, made security for the payment of money…
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Where immovable property of one person is, by an act of parties or operation of law, made security for the payment of money to another, and the transaction does not amount to a mortgage, the latter person:
Answer and explanation
Correct answer A
Under section 100 of the Transfer of Property Act, where immovable property of one person is, by act of parties or operation of law, made security for the payment of money to another and the transaction does not amount to a mortgage, the latter person "is said to have a charge on the property". The provisions applicable to a simple mortgage apply, so far as may be, to such a charge.
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