Which one of the following Provisions of the Transfer of Property Act relates to 'usufructuary…
Section 58(d) defines a usufructuary mortgage: the mortgagor delivers possession to the mortgagee and authorises him "to retain such possession until payment of the…
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Which one of the following Provisions of the Transfer of Property Act relates to 'usufructuary mortgage' ?
Answer and explanation
Correct answer C
Section 58(d) defines a usufructuary mortgage: the mortgagor delivers possession to the mortgagee and authorises him "to retain such possession until payment of the mortgage-money, and to receive the rents and profits" in lieu of interest or of the principal.
Section 58(a) defines mortgage itself, 58(b) a simple mortgage and 58(e) an English mortgage.
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