Which one of the following kinds of Mortgage is not included in Section 58 of the Transfer of Property…
Section 58 of the Transfer of Property Act, 1882 enumerates six kinds of mortgage, including the "Simple Mortgage", the "Usufructuary Mortgage" and the "Anomalous Mortgage"…
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Which one of the following kinds of Mortgage is not included in Section 58 of the Transfer of Property Act, 1882?
Answer and explanation
Correct answer D
Section 58 of the Transfer of Property Act, 1882 enumerates six kinds of mortgage, including the "Simple Mortgage", the "Usufructuary Mortgage" and the "Anomalous Mortgage" along with mortgage by conditional sale, English mortgage and mortgage by deposit of title deeds. A "Sub-mortgage", being a mortgage created by a mortgagee of his own interest in favour of a third party, is not one of the kinds enumerated in Section 58.
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