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Which one of the following Sections of the Transfer of Property Act defines "Marshalling by subsequent…

Section 56 is expressly titled Marshalling by subsequent purchaser. Where properties are mortgaged together and one is subsequently sold, it allows the purchaser, subject to…

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Which one of the following Sections of the Transfer of Property Act defines "Marshalling by subsequent purchaser"?

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Correct answer D

Section 56 is expressly titled Marshalling by subsequent purchaser. Where properties are mortgaged together and one is subsequently sold, it allows the purchaser, subject to the statutory protections for others, to require satisfaction of the mortgage from the property not sold to him. Section 81 deals instead with marshalling securities between mortgagees; section 92 concerns subrogation.

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