Which mortgage type is not defined in section 58 of the Transfer of Property Act, 1882?
Question and options
Which mortgage type is not defined in section 58 of the Transfer of Property Act, 1882?
Mortgage by conditional sale
Usufructuary mortgage
Indian mortgage
English mortgage
Answer and explanation
Correct answer: C - Indian mortgage
Section 58 of the Transfer of Property Act, 1882 defines a mortgage by conditional sale, a usufructuary mortgage and an English mortgage in subsections (c), (d) and (e). It does not define an Indian mortgage as a separate category.
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